Recapitalisation
The restructuring of a company’s balance sheet by either increasing or decreasing the amount of corporate debt. The aim is to alter the capital structure of a company in order to improve its profitability. This strategy is considered to be a form of financial engineering.
Quartile
Investment surveys rank investment managers according to the investment performance of their products. Managers in the top quarter of those participating in the survey are said to be “top quartile performers”. Similarly, an investment manager’s performance may fall in the second, third or fourth quartile, or be simply “above average” (quarters one and two combined).