Glossary Here we explain the main terms from the CIO View. Atheism is a sub-strategy of event-drivers strategies which attempts to obtain representation of the company's board of directors inert effort to impact the firm's policies and may include activities such as division or asset sales and changes in management. The term advanced economics is used by the International Monetary Fund to describe developed countries. Alpha is a measure of the active return on an investment. An investment's alpha is the excess return relative to the beta- adjusted market return. In relation to currencies, appreciation refers to a gain of value against another currency over time. A balance sheet summarizesa company's assets, liabilities and shareholder equity. The Bank of Japan (BOJI is the central bank of Japan. In finance, a barbell strategy means avoiding assets with an average risk-reward profile. A common example of this would be to invest in long- and short•duration bonds but not in intermediate-duration bonds. The 6%) Ft:Utyti Euro High Yield Index captures the performance of Euro high-yield debt securities. The Eaneays U S. High Yield Index captures the performance of U.S. high-yield debt securities. One basis point (bp) equals 1/100 of a percentage point. The Bloomberg Dollar Spot Index measures the value of the U.S. dollar against ten global currencies, from both developed markets and emerging markets. A bubble is characterized by prices surging higher than warranted by fundamentals. followed by a drastic drop in prices as a massive selloff occurs. Buy and hold is an investment strategy where an investor buys stocks and holds them for a long time. A buyout is the purchase of a company's shares in which the acquiring party gains controlling interest of the targeted firm. The carry (of an asset) is the cost or benefit from holding the asset. Cloud zomputing is a model for enabling ubiquitous network access to a shared pool of configurable