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英国对冲基金相对的性能

时间:2016-03-11 08:53来源:www.ukthesis.org 作者:英国论文网 点击联系客服: 客服:Damien

英国对冲基金相对的性能
The Performance Of Hedge Fund Relatively In UK

对冲基金正在积极管理的投资组合持有头寸公开交易的证券。Gaurav阿明和哈利·m·凯特(2000)在他们的报告中说,“对冲基金通常定义为一个私人组织集合投资工具,由专业投资经理管理,而不是向公众普及”。它指控绩效费和管理费。它允许少量的大型投资者(通常是最低投资额是100万美元)可以使用高风险技术做一个灵活的投资。1现在很明显,在另类投资共同基金的问题上表现不是很良好。一个绝对回报高,通常有障碍率和奖励费等特性与高水准的提供对冲基金更好的对齐管理者和投资者的利益。2此外共同基金通常使用只做一种多头“买入并持有”策略标准的资产类别,这有助于捕捉风险溢价与股票的风险,利率风险、违约风险等。然而,他们不是非常有助于捕捉风险溢价与动态交易策略。这就是为什么对冲基金进入画面。

在2009年,在接下来的世纪,这需要世界上最伟大的历史。在2008年世界看到世界经济最大的下降。很多人丢失他们的工作,很多公司都停止。世界经济面临着历史上最高的损失。这些所有的因素都只显示一种改造的最大对冲的垮台。3过去几十年见证了一个快速增长的对冲基金。相对传统投资组合对冲基金表现出一些独特的特征,对他们持有证券的类型和位置的类型来说它们是灵活的。

1.1-Introduction:——简介

Hedge funds are actively managed portfolios that hold positions in publicly traded securities. Gaurav S. Amin and Harry M. Kat (2000) stated on their report that “A hedge fund is typically defined as a pooled investment vehicle that is privately organized, administrated by professional investment managers, and not widely available to the public”. It charges both a performance fee and a management fee. It allows a flexible investment for a small number of large investors (usually the minimum investment is $1 million) can use high risk techniques. 1Now days it is very clear that in the matter of alternative investment mutual fund is not performing well. As a high absolute returns and typically have features such as hurdle rates and incentive fees with high watermark provision hedge fund gives a better align to the interests of managers and investors. 2Moreover mutual funds typically use a long-only buy-and-hold type strategy on standard asset classes, which help to capture risk premia associate with equity risk, interest rate risk, default risk etc. However, they are not very helpful in capturing risk premia associate with dynamic trading strategies. That is why hedge fund comes into the picture.

In the year of 2009, this takes the greatest history of the world in the following century. In the year of 2008 the world saw the greatest fall down of the world economy. Lots of people missing their jobs, lots of company were stopped. The world economy faced the highest losses in the history. These all factors are showing only one way to makeover from that greatest downfall that is hedging. 3The last couple of decades have witnessed a rapidly growing in the hedge funds. Relative to traditional investment portfolios hedge funds exhibit some unique characteristics; they are flexible with respect to the types of securities they hold and the type of the position they take.(责任编辑:anne)



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