Following the sad news that the first-ever Welsh hedge fund is to de-list its shares, Financial News has prepared a commemorative list of common hedge fund investment terms in Europe's second-oldest language. We start with the Welsh for "hedge funds" - "cronfeydd ymddiogelu".

Since, we are sorry to admit, Financial News has no Welsh-speakers on staff, this list has been prepared with a little light-hearted research among investment reports prepared in Welsh by public-sector investors in that country, and with a little help from Google Translate.