The Alternative Investment Management Association  Alternative
Investment Management Association      clearing house  A firm
that works with an exchange to handle confirmation, delivery and
settlement of transactions. The clearinghouse becomes the buyer
to each seller (and the seller to each buyer) and assumes
responsibility for protecting buyers and sellers from financial
loss by assuring performance on each contract. Also called
Clearing corporation or Clearing firm.  clearing price  See
Settlement price.   See collateralised loan obligation.   The
exchange-designated period at the end of the trading session
during which all transactions are considered made "at the
close.".  closed fund  A hedge fund or open-end mutual fund that
has temporarily or permanently stopped accepting capital from
investors, usually due to rapid asset growth. Not to be confused
with a closed-end fund.  closed-end fund  A fund with a fixed
number of shares outstanding that may be listed on an exchange
and publicly traded at a premiu