Another term used is "net investable assets" or working capital.

"I'm basically taking investable funds out of our business and putting them into the fund," he said.

Today, he is helping guide more than $3 billion in investable assets for some 400 clients.

The largest of these controlled perhaps twenty billion dollars in investable funds.

Negative float is used by the bank as the overnight investable funds.

This model is then used to construct an investable portfolio of those assets.

This makes an investable index similar in some ways to a fund of hedge funds portfolio.

"We don't even think about market timing, nor do we view economic cycles as investable events."

First and foremost, investable indexes do not attract rock star performers.

This means that investable indices do not represent the total universe of hedge funds.

Here the universe of investable securities is limited by certain criteria based on moral and ethical considerations.

It first ranks each stock in the investable universe from largest to smallest by market capitalization.

"When you look at the tremendous volume of investable funds and the economic fundamentals, things look very good for the market."

"We were doing things we felt would make us investable, salable or profitable for the future," he said.

There is also client segregation by investable assets.

Equity and debt index fund products provide investable access to most developed markets in these asset classes.

Investable indices are an attempt to reduce these problems by ensuring that the return of the index is available to shareholders.

Mr. Dalio said investors should put no more than 10 to 20 percent of their investable assets into any single investment.

They could also raise money from an unlimited number of qualified buyers, those with investable assets of $5 million.

To make the index investable, hedge funds must agree to accept investments on the terms given by the constructor.

Now, Mr. Oberweis has nearly all his investable assets in the fund.

The group is open to high net worth individual, or families with minimum investable assets of US $30 million or more.

Hebi is an investable and vibrant city.

The sale would be accomplished through a new stock offering that could net Eden Springs up to $47 million in investable cash.

"In effect, they've made it more of an accurate reflection of the true investable universe," Ms. Chen said.