Short Market Value definition
Short Market Value means the absolute value of the Current Market Value of any Position which is held short.
Short Market Value means, with respect to a Person, the aggregate market value of certain short positions traded by the Strategy Funds in which such Person directly or indirectly invests, which shall be computed using the then-current market value of such positions as determined by the Calculation Agent in good faith and commercially reasonable manner; provided that, positions traded by FTV will be excluded from the computation of Short Market Value. In addition, Excluded Positions (as defined in the definition of Long Market Value) will be excluded from the definition of Short Market Value.