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BY

昨晚有这么一條題目大家都在熟烈的討論。可今早發現这个題目給完全刪除了。請問版主这个主題是否犯了論壇的規則或有其他的原因所以要刪除。敬請指教。謝謝。

[ Last edited by BY on 2006-8-17 at 08:44 AM ]

中行

操作失误?????

中行

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BY

A hedge fund is a fund that can take both long and short positions, use arbitrage, buy and sell undervalued securities, trade options or bonds, and invest in almost any opportunity in any market where it foresees impressive gains at reduced risk. Hedge fund strategies vary enormously -- many hedge against downturns in the markets -- especially important today with volatility and anticipation of corrections in overheated stock markets. The primary aim of most hedge funds is to reduce volatility and risk while attempting to preserve capital and deliver positive returns under all market conditions.
      
There are approximately 14 distinct investment strategies used by hedge funds, each offering different degrees of risk and return. A macro hedge fund, for example, invests in stock and bond markets and other investment opportunities, such as currencies, in hopes of profiting on significant shifts in such things as global interest rates and countries’ economic policies. A macro hedge fund is more volatile but potentially faster growing than a distressed-securities hedge fund that buys the equity or debt of companies about to enter or exit financial distress. An equity hedge fund may be global or country specific, hedging against downturns in equity markets by shorting overvalued stocks or stock indexes. A relative value hedge fund takes advantage of price or spread inefficiencies. Knowing and understanding the characteristics of the many different hedge fund strategies is essential to capitalizing on their variety of investment opportunities.
      
It is important to understand the differences between the various hedge fund strategies because all hedge funds are not the same -- investment returns, volatility, and risk vary enormously among the different hedge fund strategies. Some strategies which are not correlated to equity markets are able to deliver consistent returns with extremely low risk of loss, while others may be as or more volatile than mutual funds. A successful fund of funds recognizes these differences and blends various strategies and asset classes together to create more stable long-term investment returns than any of the individual funds.
       
Hedge fund strategies vary enormously – many, but not all, hedge against market downturns – especially important today with volatility and anticipation of corrections in overheated stock markets.
       
The primary aim of most hedge funds is to reduce volatility and risk while attempting to preserve capital and deliver positive (absolute) returns under all market conditions.

The popular misconception is that all hedge funds are volatile -- that they all use global macro strategies and place large directional bets on stocks, currencies, bonds, commodities or gold, while using lots of leverage. In reality, less than 5% of hedge funds are global macro funds. Most hedge funds use derivatives only for hedging or don’t use derivatives at all, and many use no leverage

801GUEST

相信該位仁兄自行刪除.為何這樣?心照.

BY

With gold topping $500 per ounce, a number of hedge funds are increasing their bets that the rise in gold prices will continue. The reason for their optimism on the metal is based largely on fundamental changes that are occurring which create a favorable environment for gold and other metals.

For many years foreign central banks have been selling their gold reserves in an effort to hold its price down. However, that trend has likely already reversed. Although the price of gold has doubled since 2001, foreign central banks are seeing the need to diversify their currency reserves out of dollars and into gold as a hedge against a falling dollar. Russia, Argentina, and South Africa have all recently announced plans to begin purchasing gold reserves.

Hedge fund managers believe that the current trend of gold buying is just beginning. Asian central banks now hold over $2.6 trillion in foreign currency reserves (rising continues daily in fact), and if even a small portion of that is earmarked for gold it could send gold prices much higher. Given the large budget and trade deficits seen in the US, a decline in the dollar is considered inevitable.  Gold is the only monetary asset class which will protect investors according to most of the hedge fund managers which forms the main reason attracting their keen interest to bet gold .

[ Last edited by BY on 2006-8-17 at 10:02 AM ]

sing

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BY

Guest  在 2006-8-17 09:54 發表:

相信該位仁兄自行刪除.為何這樣?心照.

怎樣可以自行刪除整个主題請指教。  我找不到這个Function Key 呢。

801GUEST

BY  在 2006-8-17 09:59 AM 發表:

怎樣可以自行刪除整个主題請指教。  我找不到這个Function Key 呢。

我也不知我只是遊客.008曾經試過這樣做.你請教他或版主吧.

sing

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