Quant
A specialist usually working in portfolio management or bond research who develops systems that map past movements in financial markets with a view to predicting future equity, commodity and currency values.
Put option
The right, but not the obligation, to buy a financial instrument or a commodity within a specified period.
Purchase Multiple
A valuation parameter associated with the purchase price of a specific investment. It is analogous to the P/E ratio using in public listed companies.
Public to Private
A transaction where an under-analysed, “ignored” publicly listed company is de-listed and managed as a private company.