Top definition
Financial institution pretending to engage in high risk / high reward quantitative investment strategies but in fact trading on insider information to get ahead of the market.
"How did Joe afford that Lamborghini?"

"Oh, he works for a hench fund now. He's going to bed with the assistants of three different CFOs and using the information he gets that way to help his fund make out like bandits."
by nygeek August 30, 2012
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