Applies mainly to convertible securities ( convertible security). arbitrage involving going long the convertible and short a certain percentage of the underlying common. Antithesis of Chinese hedge. Bloomberg Financial Dictionary
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UK US set up
— Phrasal Verb with set({{}}/set/ verb (setting, set, set)
► [I] COMMERCE to start a new business: »
One way in which people are responding to such pressures is by setting up on their own, often by selling their services to their former employers.
»She wants to repay the committee for the help she received when setting up in business.
Financial and business terms. 2012.