d**z
发帖数: 3577 | 1 Important Hedge Fund Trends For 2016 And Beyond
1. Reduction of expected returns for a diversified Hedge Fund portfolio.
Hedge fund performance is driven by a combination of alpha (manager skill)
and beta (market driven return). From 2009 to the beginning of last year, as
both the fixed income and equity markets experienced strong bull markets,
beta had been a tail wind for hedge fund performance that rewarded managers
with net long market exposure. Over this time period, investors’ return
exp... 阅读全帖 |
|
m*********h
发帖数: 5449 | 2 Carl Richards has a post over at the New York Times' Bucks blog in which he
puzzles over the enduring appeal of hedge funds, despite the fact that they
have historically underperformed the S&P 500. Why, he asks, are people
paying exorbitant fees to hedge-fund managers who don't even make money for
them?
Richards takes a stab at the answer in a few ways. First, he implies that
there's an element of groupthink in Hedgistan, with investors all chasing
increasingly complex hedge-fund strategies beca... 阅读全帖 |
|
z**n
发帖数: 22303 | 3 【 以下文字转载自 Quant 讨论区 】
发信人: wang439 (charlemagne), 信区: Quant
标 题: (转载) 投行和hedge fund的春梦血泪
关键字: 投行,hedge fund,春梦血泪,坑
发信站: BBS 未名空间站 (Wed Oct 31 03:28:49 2012, 美东)
http://blog.renren.com/share/245259375/14561621914?from=0101010
投行和hedge fund的春梦血泪
来源： 李昂的日志
过去的这6个月，仿佛狂风骤雨一般，扫过我薄如蝉翼的生命。激荡风雷之刹那，每一
秒钟都好像是永恒。记得2月份的时候，去过一次波士顿。当时的波士顿，就好像3年前
暑假在harvard stem cell institute做实习的时候一样，古朴安静的小城，凉风里绿
草如茵。9月初的时候，又偶然去了一次波士顿。走在south station边的回廊，看着路
旁呆板的灰色的砖楼，竟又陌生的恍如隔世。从4月初开始找投行工作开始，命运的木
船仿佛在飓风卷动的怒涛里翻覆挣扎，在恣肆横行的风魔里无力的... 阅读全帖 |
|
z**n
发帖数: 22303 | 4 【 以下文字转载自 Quant 讨论区 】
发信人: wang439 (charlemagne), 信区: Quant
标 题: (转载) 投行和hedge fund的春梦血泪
关键字: 投行,hedge fund,春梦血泪,坑
发信站: BBS 未名空间站 (Wed Oct 31 03:28:49 2012, 美东)
http://blog.renren.com/share/245259375/14561621914?from=0101010
投行和hedge fund的春梦血泪
来源： 李昂的日志
过去的这6个月，仿佛狂风骤雨一般，扫过我薄如蝉翼的生命。激荡风雷之刹那，每一
秒钟都好像是永恒。记得2月份的时候，去过一次波士顿。当时的波士顿，就好像3年前
暑假在harvard stem cell institute做实习的时候一样，古朴安静的小城，凉风里绿
草如茵。9月初的时候，又偶然去了一次波士顿。走在south station边的回廊，看着路
旁呆板的灰色的砖楼，竟又陌生的恍如隔世。从4月初开始找投行工作开始，命运的木
船仿佛在飓风卷动的怒涛里翻覆挣扎，在恣肆横行的风魔里无力的... 阅读全帖 |
|
d**z
发帖数: 3577 | 5 【 以下文字转载自 Stock 讨论区 】
发信人: dmjz (东门虎西门豹), 信区: Stock
标 题: Chinese Hedge Fund Launches Swell As Count Nears 25,000!
发信站: BBS 未名空间站 (Tue Dec 29 06:27:35 2015, 美东)
By Mark Melin on December 28, 2015 2:10 pm
Chinese Hedge Fund Launches Swell As Count Nears 25,000!
Chinese Hedge fund – As looser regulation has swept across China, new hedge
fund launches are surging at an unheard of pace. This all comes at a time
when some of the larger hedge fund managers have “gone incommunicado,” or
worse yet, “mis... 阅读全帖 |
|
d**z
发帖数: 3577 | 6 【 以下文字转载自 Stock 讨论区 】
发信人: dmjz (东门虎西门豹), 信区: Stock
标 题: Chinese Hedge Fund Launches Swell As Count Nears 25,000!
发信站: BBS 未名空间站 (Tue Dec 29 06:27:35 2015, 美东)
By Mark Melin on December 28, 2015 2:10 pm
Chinese Hedge Fund Launches Swell As Count Nears 25,000!
Chinese Hedge fund – As looser regulation has swept across China, new hedge
fund launches are surging at an unheard of pace. This all comes at a time
when some of the larger hedge fund managers have “gone incommunicado,” or
worse yet, “mis... 阅读全帖 |
|
d**z
发帖数: 3577 | 7 【 以下文字转载自 Stock 讨论区 】
发信人: dmjz (东门虎西门豹), 信区: Stock
标 题: Chinese Hedge Fund Launches Swell As Count Nears 25,000!
发信站: BBS 未名空间站 (Tue Dec 29 06:27:35 2015, 美东)
By Mark Melin on December 28, 2015 2:10 pm
Chinese Hedge Fund Launches Swell As Count Nears 25,000!
Chinese Hedge fund – As looser regulation has swept across China, new hedge
fund launches are surging at an unheard of pace. This all comes at a time
when some of the larger hedge fund managers have “gone incommunicado,” or
worse yet, “mis... 阅读全帖 |
|
w*****9
发帖数: 27 | 8 http://blog.renren.com/share/245259375/14561621914?from=0101010
投行和hedge fund的春梦血泪
来源： 李昂的日志
过去的这6个月，仿佛狂风骤雨一般，扫过我薄如蝉翼的生命。激荡风雷之刹那，每一
秒钟都好像是永恒。记得2月份的时候，去过一次波士顿。当时的波士顿，就好像3年前
暑假在harvard stem cell institute做实习的时候一样，古朴安静的小城，凉风里绿
草如茵。9月初的时候，又偶然去了一次波士顿。走在south station边的回廊，看着路
旁呆板的灰色的砖楼，竟又陌生的恍如隔世。从4月初开始找投行工作开始，命运的木
船仿佛在飓风卷动的怒涛里翻覆挣扎，在恣肆横行的风魔里无力的试图划动出前进的方
向。四面八方的阴魂来袭，黑暗的烟雾里飘闪隐现着诡秘的紫霓白光。细细的指南针被
眩晕的磁场扭曲成虬结，呼哧作响的布帆在咆哮嘶鸣的风波里撕裂飘荡。每一天都好像
一个新的纪元，上帝的金光好像随时都能穿云透雾，射到我的周身和脸上。每一个夜晚
都好像世界的末日，退去的灯火的黄晕好像随时都会永久的离开我的僵体，让位... 阅读全帖 |
|
w*****9
发帖数: 27 | 9 http://blog.renren.com/share/245259375/14561621914?from=0101010
投行和hedge fund的春梦血泪
来源： 李昂的日志
过去的这6个月，仿佛狂风骤雨一般，扫过我薄如蝉翼的生命。激荡风雷之刹那，每一
秒钟都好像是永恒。记得2月份的时候，去过一次波士顿。当时的波士顿，就好像3年前
暑假在harvard stem cell institute做实习的时候一样，古朴安静的小城，凉风里绿
草如茵。9月初的时候，又偶然去了一次波士顿。走在south station边的回廊，看着路
旁呆板的灰色的砖楼，竟又陌生的恍如隔世。从4月初开始找投行工作开始，命运的木
船仿佛在飓风卷动的怒涛里翻覆挣扎，在恣肆横行的风魔里无力的试图划动出前进的方
向。四面八方的阴魂来袭，黑暗的烟雾里飘闪隐现着诡秘的紫霓白光。细细的指南针被
眩晕的磁场扭曲成虬结，呼哧作响的布帆在咆哮嘶鸣的风波里撕裂飘荡。每一天都好像
一个新的纪元，上帝的金光好像随时都能穿云透雾，射到我的周身和脸上。每一个夜晚
都好像世界的末日，退去的灯火的黄晕好像随时都会永久的离开我的僵体，让位... 阅读全帖 |
|
d**z
发帖数: 3577 | 10 By Mark Melin on December 28, 2015 2:10 pm
Chinese Hedge Fund Launches Swell As Count Nears 25,000!
Chinese Hedge fund – As looser regulation has swept across China, new hedge
fund launches are surging at an unheard of pace. This all comes at a time
when some of the larger hedge fund managers have “gone incommunicado,” or
worse yet, “missing” amid a government crackdown.
The Asset Management Association of China (AMAC) counts 24,625 hedge funds
as of December 2015, up from nearly 17,000 in Janua... 阅读全帖 |
|
W***n
发帖数: 11530 | 11 Hedge Fund Winners and Losers Emerge as Year Ends on Better Note
by Katia Porzecanski , Nishant Kumar , and Bei Hu
December 20, 2016, 12:00 AM CST December 20, 2016, 8:14 AM CST
Strategies focused on macro trends produced the worst returns
Who Were 2016's Hedge Fund Winners and Losers?
This was the year to ridicule hedge funds. Pension funds, politicians,
Warren Buffett, even hedge fund managers themselves -- they all had
something to say about the disappointing performance, high fees and market... 阅读全帖 |
|
D********n
发帖数: 978 | 12 BY kELLY BIT
U.S. hedge-fund compensation will fall an average of 10 percent this year
com-pared with 2010 as performance suffered, according to a report by Glocap
Search LLC and hedge fund research inc.
Portfolio managers’ pay, which is most closely tied to performance, should
see the biggest decline, slumping about 30 percent on average, according to
Adam Zoia, chief executive officer of Glocap, a New York-based recruiting
firm. Hedge funds have lost 5.4 percent on average this year, accordi... 阅读全帖 |
|
j****y
发帖数: 1714 | 13 Trader Racks Up a Second Epic Gain
$5 Billion Profit for John Paulson
By GREGORY ZUCKERMAN
Hedge-fund manager John Paulson personally netted more than $5 billion
in profits in 2010—likely the largest one-year haul in investing
history, trumping the nearly $4 billion he made with his "short" bets
against subprime mortgages in 2007.
Mr. Paulson's take, described by investors and people close to
investment firm Paulson & Co., shows how profits continue to pile up for
elite hedge-fund managers. Appa... 阅读全帖 |
|
c*********o
发帖数: 8367 | 14 Hedge 有很多方法
来源: goldengate 于 2013-01-26 08:59:30 [档案] [博客] [旧帖] [转至博客] [给
我悄悄话] 本文已被阅读：1488次
字体：调大/调小/重置 | 加入书签 | 打印 | 所有跟帖 | 加跟贴 | 查看当前最热讨
论主题
本贴内容已被 [goldengate] 在 2013-01-26 10:54:26 编辑过。如有问题，请报告版
主或论坛管理删除.
有朋友说Hedge 是大忽悠，我想借此说明一下：
Hedge 有很多方法，你说的同时买Call和Put只是其中一个简单的方法，不要就此否定
整个Hedge的概念。Option有很多策略，其中某些自然形成了Hedge， 形成Hedge后，你
赢钱的可能性在哪里，输的可能在哪里，你要先学会，不然你只是是瞎做，不叫Hedge
。
以你说的例子为列：同时买一个股票的Call和Put，这个在Option Strategy 里叫做
Straddle 或者Strangle，你Hedge了它的涨跌，你是为了赢vega，也就是说波动大能赢
，波动小会输，你用它去玩AAPL这样一只巨无霸的航空... 阅读全帖 |
|
d**z
发帖数: 3577 | 15 【 以下文字转载自 Stock 讨论区 】
发信人: dmjz (东门虎西门豹), 信区: Stock
标 题: Bommer Is Returning Money From Hedge Fund SAB After 17 Years
发信站: BBS 未名空间站 (Wed Dec 30 22:00:36 2015, 美东)
Bommer Is Returning Money From Hedge Fund SAB After 17 Years
by Saijel Kishan
December 30, 2015 — 2:46 PM PST
Scott Bommer, founder of SAB Capital Management LP, is returning all client
money from his hedge fund after 17 years so that he can focus on managing
his own wealth.
SAB Capital will return most money before mid January, Bomm... 阅读全帖 |
|
l****o
发帖数: 2909 | 16 Plans to launch hedge fund later this summer
* To run CTAs, credit and equity strategies
* To have offices in Beijing and Hong Kong (Adds details, background, quote)
By Nishant Kumar
HONG KONG, May 27 (Reuters) - Principia Capital Advisors is set to launch a
$750 million hedge fund later this summer, three sources familiar with the
matter said, joining the ranks of former Goldman Sachs trader Morgan Sze's
blockbuster launch last month.
Principia, named after a famous book by the 16th century Fre... 阅读全帖 |
|
a**i
发帖数: 608 | 17 Business Insider
Hedge Funder Hugh Hendry Is Making Breathtaking Returns Shorting China
Julia La Roche|December 12, 2011|
•
Hugh Hendry
U.K. hedge fund titan Hugh Hendry, a partner and chief investment officer at
Eclectica Asset Management, is continuing to kill it this year with his "
China short" fund.
According to the Financial Times, his "China short" fund is up an
astonishing 52% YTD.
That's one awesome bet Hendry made, especially since the average hedge fund
is down 4.37% YTD, th... 阅读全帖 |
|
N********n
发帖数: 8363 | 18
Quote from Ed Steer's daily email:
Silver analyst Ted Butler and I had a very long conversation on the phone
yesterday about this Financial Times story that reported on the 100 million
ounces sold forward by the silver mining companies...and Ted agrees that
Alasdair may have a point.
The FT story is misleading in some respects, because it insinuates that all
of these forward sales had just occurred during the first six weeks of 2011,
when silver prices were at their peak...then heading lower. ... 阅读全帖 |
|
d**z
发帖数: 3577 | 19 Bommer Is Returning Money From Hedge Fund SAB After 17 Years
by Saijel Kishan
December 30, 2015 — 2:46 PM PST
Scott Bommer, founder of SAB Capital Management LP, is returning all client
money from his hedge fund after 17 years so that he can focus on managing
his own wealth.
SAB Capital will return most money before mid January, Bommer said in an
investor letter Tuesday, a copy of which was obtained by Bloomberg. The firm
posted a 10.6 percent loss in the first eight months of the year in its SA... 阅读全帖 |
|
a********t
发帖数: 4508 | 20 Hedge是hedge什么？ 很多人理解似是而非。比如买了GM，为了防止GM股价下跌，于是
hedge吗？
不对。
Hedge是要hedge系统风险。我如果买GM，就是要承担它的风险。GM上涨还是下跌，都是
我心甘情愿的。但是我不能忍受系统风险。我买GM是因为我认为GM比别的车厂都好，否
则我就买F了。但如果整体汽车行业有问题，那不是我选择GM的错。于是我要hedge整体
行业的风险。于是我同时选择short F。
现在很多hedge使用复杂的工具来hedge本应承担的风险。这就是完全意义，或hedge本
意不存在的意思。 |
|
W***n
发帖数: 11530 | 21 FBI Files Say Hedge Fund Analyst Made Millions on Tips From Dell Insider
By Neil Weinberg, David Glovin and Patricia Hurtado Nov 25, 2014 4:00 AM CT
Manhattan U.S. Attorney Preet Bharara said Jan. 7, “Part of our job is to
make sure... Read More
The FBI files spell it out: An analyst at Citadel LLC, the hedge fund with $
23 billion in capital invested globally, told agents he made millions of
dollars trading on information from a company insider.
It was December 2011, and the Justice Department ... 阅读全帖 |
|
t*********8
发帖数: 134 | 22 The future of this once-$14B hedge fund is in doubt
Text Size Published: Monday, 7 Oct 2013 | 9:44 AM ETBy: Lawrence
Delevingne |
Monday, 7 Oct 2013 | 11:50 AM ET
FX Concepts, John Taylor's currency-focused hedge fund firm, which once
managed more than $14 billion, may soon shut.
One of the 32-year-old firm's last remaining large institutional investors,
the San Francisco Employees' Retirement System, voted to redeem its money
Sept. 11, according to Jay Huish, the pension plan's executive d... 阅读全帖 |
|
w*****h
发帖数: 423 | 23 Manhattan District Attorney Cyrus Vance Jr., has accused a former hedge fund
analyst of stealing documents that detailed the methods and application of
two trading models from a major New York hedge fund firm that specializes in
quantitative trading.
Kang Gao, a 28-year-old who until recently worked as a quantitative analyst
at Two Sigma Investments, was arrested last week and charged by the
Manhattan District Attorney of felony offenses, including computer trespass,
criminal possession of compu... 阅读全帖 |
|
d**z
发帖数: 3577 | 24 【 以下文字转载自 Stock 讨论区 】
发信人: dmjz (东门虎西门豹), 信区: Stock
标 题: The Year the Hedge-Fund Model Stalled on Main Street
发信站: BBS 未名空间站 (Wed Dec 30 21:38:33 2015, 美东)
The Year the Hedge-Fund Model Stalled on Main Street
By Sarah Krouse
Dec. 30, 2015 6:59 p.m. ET
Enthusiasm is fading for what had become one of the hottest products in
asset management
It is getting a lot harder to sell hedge-fund-style investing to the masses.
More “liquid alternative” mutual funds closed in 2015 than in any year on
record,... 阅读全帖 |
|
h******t
发帖数: 872 | 25 http://www.wsj.com/articles/currency-war-u-s-hedge-funds-mount-
Some of the biggest names in the hedge-fund industry are piling up bets
against China’s currency, setting up a showdown between Wall Street and the
leaders of the world’s second-largest economy.
Kyle Bass’s Hayman Capital Management has sold off the bulk of its
investments in stocks, commodities and bonds so it can focus on shorting
Asian currencies, including the yuan and the Hong Kong dollar.
It is the biggest concentrated wager t... 阅读全帖 |
|
d**z
发帖数: 3577 | 26 【 以下文字转载自 Stock 讨论区 】
发信人: dmjz (东门虎西门豹), 信区: Stock
标 题: The Year the Hedge-Fund Model Stalled on Main Street
发信站: BBS 未名空间站 (Wed Dec 30 21:38:33 2015, 美东)
The Year the Hedge-Fund Model Stalled on Main Street
By Sarah Krouse
Dec. 30, 2015 6:59 p.m. ET
Enthusiasm is fading for what had become one of the hottest products in
asset management
It is getting a lot harder to sell hedge-fund-style investing to the masses.
More “liquid alternative” mutual funds closed in 2015 than in any year on
record,... 阅读全帖 |
|
a********t
发帖数: 4508 | 27 现如今的金融社会，完全意义上的hedge已经不存在了。大多数的hedge都是（1）间接
hedge，或（2）使用derivatives。
间接hedge就是用有貌似相关性的东西。例如long real estate, short Russell 2000
之类的。Long 5-year bond, short 10-year bond也可以算一种（有点牵强）。
这种hedge的问题在于，两者常常出现背离，或两者的liquidity不相符。一旦出现背离
，加上一侧不容易兑现，就会出现大问题。
hedge一旦加上derivatives就更可怕了。对于能源、原材料加工类企业尤其危险。因为
它们不可能不使用derivatives。一旦市场方向发生变动，在实物方面的盈利不能够及
时地、充足地弥补derivatives方面的损失，就有破产的可能。过去无数例子，包括中
海油，都证实了这一点。
对于能源、原材料生产加工企业，一定要看它是否用derivatives来hedge。如果它在季
报里说我们是充分地hedge，坚决不要相信。 |
|
W***n
发帖数: 11530 | 28
Hedge Funds Shut as Managers Struggle in Year of Two Percent Returns
By Katherine Burton Dec 1, 2014 6:00 PM CT
Hedge funds are shutting at a rate not seen since the financial crisis, as
many managers post disappointing returns and an elite group of firms
dominate money raising.
The $37 billion Brevan Howard Asset Management LLP is the latest firm to
close a fund. Last week it pulled the plug on its $630 million commodity
fund managed by Stephane Nicolas after it had tumbled 4.3 percent this ye... 阅读全帖 |
|
W***n
发帖数: 11530 | 29 Delta loses $450 million bet on fuel prices
by Chris Isidore @CNNMoney
July 5, 2016: 6:13 PM ET
Delta Air Lines is taking a $450 million loss because jet fuel prices didn't
jump as much as the airline bet they would.
The Atlanta-based airline had locked in fuel purchases, in a contract known
as a hedge, at levels above the current market value, betting that jet fuel
prices prices would climb. And they did indeed rise. But they didn't go
nearly as high as Delta had anticipated, which made tha... 阅读全帖 |
|
X****i
发帖数: 1877 | 30 Amid Billions of Losses, Macro Hedge Funds Search for ‘Which Way Is Up’
By
Rob Copeland
and
Juliet Chung
June 13, 2014
In today’s Wall Street Journal, we noted how many famous hedge-fund
managers who seek to profit by correctly forecasting broad economic trends
have turned in billions of dollars in paper losses, in a year that has
otherwise been relatively placid for investors the world over.
Investors flocked to these so-called macro funds after 2008, when they on
average ga... 阅读全帖 |
|
M*****8
发帖数: 17722 | 31 Latest Hedge Fund Performance -- Boring For 2014
Todd Edgar, like most macro hedge-fund managers, couldn't make money this
year.
Then came September. Edgar, whose Atreaus Capital LP specializes in
currencies and commodities, had been betting since June that the price of
soybeans would drop because of favorable weather conditions that promised a
bumper crop. On Sept. 11, the U.S. Department of Agriculture reported record
harvests and expanding global inventories. Bean prices tumbled 8 percent
thr... 阅读全帖 |
|
d**z
发帖数: 3577 | 32 The Year the Hedge-Fund Model Stalled on Main Street
By Sarah Krouse
Dec. 30, 2015 6:59 p.m. ET
Enthusiasm is fading for what had become one of the hottest products in
asset management
It is getting a lot harder to sell hedge-fund-style investing to the masses.
More “liquid alternative” mutual funds closed in 2015 than in any year on
record, according to research firm Morningstar Inc., as inflows dwindled and
performance weakened.
The results show that enthusiasm is fading for what had emerged i... 阅读全帖 |
|
a**i
发帖数: 608 | 33 Hedge Funds Braced for Worst Year Since 2008
Published: Thursday, 8 Dec 2011 | 7:31 PM ET Text Size By: Sam Jones in
London
Hedge funds are set to rack up their second-worst year in two decades after
taking a beating from the eurozone crisis and an unexpected slowing in
global economic growth.
The average hedge fund manager has lost 4.37 percent in the year to the end
of November, according to data just released by Hedge Fund Research —
losing money in six of the past seven months. Only in 2008,... 阅读全帖 |
|
n*********e
发帖数: 110 | 34 最近和一些朋友聊了一下，感觉hedge fund 其实不如pension fund啊。 虽然名义上
hedge fund 收入好像多一点，但是考虑到其他因素好像pension fund要好很多。
首先，年龄因素。过了50岁在hedge fund混就比较难了，即使老板不踢人，自己精力
也渐渐不行了，感觉很难在这行混到退休。 如果50多岁被裁，感觉那时会很尴尬
，高不成低不就的。
其次，hedge fund 一般都没什么benefit， 干巴巴的工资。我算了一下，一般pension
fund之类的职位20年左右下来在退休时每年至少可以拿10万左右的pension，在hedge
fund干的只有自己存退休金。
最后，pension fund的活轻松多了吧？hedge fund 的压力山大，生活质量差远了。
我现在的结论是，相同的职位：
pension fund > mutual fund == bank > hedge fund
请教各位大牛们的意见如何？ |
|
u*****a
发帖数: 6276 | 35 即使上了藤校，没有诚信，就这下场。
【 以下文字转载自 JobHunting 讨论区 】
发信人: qquuaanntt (况特), 信区: JobHunting
标 题: 看来hedge fund还是秒杀FLG阿
发信站: BBS 未名空间站 (Wed Feb 19 20:20:06 2014, 美东)
一个3年工作经验的小本，在Hedge fund作IT,年package 55万。。。
Total comp $547,000 as a computer system analyst with 3 year working
experience? Two sigma is so generous
http://www.forbes.com/sites/nathanvardi/2014/02/19/analyst-char
Kang Gao, a 28-year-old who until recently worked as a quantitative analyst
at Two Sigma Investments, was arrested last week and cha... 阅读全帖 |
|
u*****a
发帖数: 6276 | 36 即使上了藤校，没有诚信，就这下场。
【 以下文字转载自 JobHunting 讨论区 】
发信人: qquuaanntt (况特), 信区: JobHunting
标 题: 看来hedge fund还是秒杀FLG阿
发信站: BBS 未名空间站 (Wed Feb 19 20:20:06 2014, 美东)
一个3年工作经验的小本，在Hedge fund作IT,年package 55万。。。
Total comp $547,000 as a computer system analyst with 3 year working
experience? Two sigma is so generous
http://www.forbes.com/sites/nathanvardi/2014/02/19/analyst-char
Kang Gao, a 28-year-old who until recently worked as a quantitative analyst
at Two Sigma Investments, was arrested last week and cha... 阅读全帖 |
|
c*****d
发帖数: 89 | 37 求助！！
1. In a cash flow hedge, the portion of a derivative's gain or loss attributed to ineffectiveness is recorded as a change in AOCI
True or False
2.The actual effectiveness of a hedge depends in part on the designation of the hedged risk
True of False
3.To the extent the hedge is effective, a loss arising from the decrease in fair value of a derivative is included in current earnings if the derivative qualifies and is designated as a
Fair-value hedge (yes or no), cash flow hedge (yes or no)
万... 阅读全帖 |
|
a**i
发帖数: 608 | 38 Hedge Fund Bears Win Bets in Euro Crisis
Published: Thursday, 6 Oct 2011 | 1:17 PM ET
By: Sam Jones
Bearish hedge fund managers have reaped some of their biggest gains since
the collapse of Lehman Brothers amid the market turmoil triggered by the
eurozone debt crisis.
----------------------------------------------------------------------------
----
August and September have seen funds run by industry giants Brevan Howard,
Caxton Associates and GLG Partners reap strong gains as stock markets ... 阅读全帖 |
|
Y******u
发帖数: 1912 | 39 show me the money!!!!又被average了 T_T
http://www.finalternatives.com/node/22068
Hedge fund performance may be no great shakes this year, but that hasn't
stopped hedge fund managers from giving themselves and their staffs a nice
raise.
Pay at hedge funds has increased 15% this year compared to last, according
to Glocap Partners' annual hedge fund compensation survey, conducted with
Hedge Fund Research. By contrast, pay at private equity firms remained flat.
Zoia said that a portfolio manager at a m... 阅读全帖 |
|
w********s
发帖数: 1570 | 40 Bonuses for hedge-fund employees in London have dropped by 94 percent since
2012 as returns in the industry declined, according to a salary-data
provider.
The average bonus for directors, or mid-level employees, plummeted to 8,000
pounds ($13,300) this year from 40,000 pounds last year and 135,000 pounds
in 2012, Emolument.com said in a statement today.
“The last two years have taken their toll on the myth of the hedge-fund
executive in their Aston Martins,” the company said. “The slow decline i... 阅读全帖 |
|
q********t
发帖数: 68 | 41 一个3年工作经验的小本，在Hedge fund作IT,年package 55万。。。
Total comp $547,000 as a computer system analyst with 3 year working
experience? Two sigma is so generous
http://www.forbes.com/sites/nathanvardi/2014/02/19/analyst-char
Kang Gao, a 28-year-old who until recently worked as a quantitative analyst
at Two Sigma Investments, was arrested last week and charged by the
Manhattan District Attorney of felony offenses, including computer trespass,
criminal possession of computer related material and unauthorized ... 阅读全帖 |
|
T*********s
发帖数: 17839 | 42 Hedge Funds Climbed 0.2% in January on Best Start for Equities in 18 Years
Hedge funds gained 0.2 percent in January as equities around the world had
the best start in 18 years after U.S. economic growth showed signs of
accelerating and European leaders moved closer to a solution for the region
’s debt crisis.
The Bloomberg aggregate hedge fund index increased to 114.63 from 114.36 in
December as long-short equity, global macro and multistrategy funds all
climbed. Hedge funds fell 4.9 percent la... 阅读全帖 |
|
W***n
发帖数: 11530 | 43 Hedge funds see worst year since financial crisis
Jeff Cox | @JeffCoxCNBCcom
Tuesday, 20 Oct 2015 | 10:25 AM ETCNBC.com
Hedge fund performance over the past three months hearkened back to the bad
old days of the financial crisis.
Poor performance weighed heavily on the industry, causing the biggest net
loss in capital since the fourth quarter of 2008, according to data released
Tuesday by HFR. The $95 billion decline pushed total industry assets
further from the vaunted $3 trillion mark.
As m... 阅读全帖 |
|
t******g
发帖数: 4044 | 44 我一直不太理解散户为什么要hedge？我理解hedge是因为大资金因为无法及时出逃或者
必须持有某些仓位才不得不hedge。散户不看好或者对风险不确定调整现金和仓位的比
例就好了去，多买点少买点就可以了，为啥要hedge？
谁能给讲讲散户hedge的意义在哪里？ |
|
m********y
发帖数: 1867 | 45 Hedge fund accountants do get paid higher than corporate accountants, since
in a hedge fund, there won't be too many accountants. And hedge fund
accountants usually get a much higher year-end bonus, if the fund is
performing well in the year.
I think hedge fund accountants will work better and make more in US than in
China, as the financial industry (hedge fund/mutual fund/private equity,etc)
is more matured and developed in US. However, in current economy, financial
industry has suffered a lot, |
|
s*****n
发帖数: 160 | 46 直到后来有一个机会，算是华尔街勉强前10的一家公司，法国S家招人，一个新猎头把
我的简历递过去之后，我浑浑噩噩去面试。（当然准备还是有，对那个部门要做的产品
还是研究了一番）那个是0-2年工作经验的职位，我竟然一举pk掉了所以人，拿到了
offer.(当然和经理是中国人也有关系，其他面试人背景相对较弱)。新做的产品是
credit derivatives，和简单的国债大不相同，各种cdo, rmbs, cmbs, cds的定价弄的
我头昏眼花，还有各种系统，各种问题，经历了许多，也学了学到了许多。其中还有一
段和London office 怄气的故事，现在想想当时也是相当楞头青，本来可以好好说明的
事情，硬要自己一头撞上去。还好有经理和senior的维护，也没有搞大事情。
虽然说进去了一个大公司，名气也算是有。可是华尔街的好日子已经一去不返，不允许
prop trading,各种监管，前两天看华尔街之狼，80年代竟然可以抽取1%的commission
，而pink sheet尽然可以高达50%，看看现在都是小数点之后四五位的commission就可
以明白。于是自己也是很苦恼，难道读会... 阅读全帖 |
|
s*****n
发帖数: 160 | 47 直到后来有一个机会，算是华尔街勉强前10的一家公司，法国S家招人，一个新猎头把
我的简历递过去之后，我浑浑噩噩去面试。（当然准备还是有，对那个部门要做的产品
还是研究了一番）那个是0-2年工作经验的职位，我竟然一举pk掉了所以人，拿到了
offer.(当然和经理是中国人也有关系，其他面试人背景相对较弱)。新做的产品是
credit derivatives，和简单的国债大不相同，各种cdo, rmbs, cmbs, cds的定价弄的
我头昏眼花，还有各种系统，各种问题，经历了许多，也学了学到了许多。其中还有一
段和London office 怄气的故事，现在想想当时也是相当楞头青，本来可以好好说明的
事情，硬要自己一头撞上去。还好有经理和senior的维护，也没有搞大事情。
虽然说进去了一个大公司，名气也算是有。可是华尔街的好日子已经一去不返，不允许
prop trading,各种监管，前两天看华尔街之狼，80年代竟然可以抽取1%的commission
，而pink sheet尽然可以高达50%，看看现在都是小数点之后四五位的commission就可
以明白。于是自己也是很苦恼，难道读会... 阅读全帖 |
|
b***k
发帖数: 2673 | 48 ☆─────────────────────────────────────☆
Cranberry (odd) 于 (Fri Dec 7 22:11:50 2007) 提到:
fresh CS PhD, 手头有一个较大的IB的quant offer, 做automatic trading system;
还有两个小hedge fund的offer。Hedge fund 其中一个的工作是做simulation, back-
testing; 另一个比较杂，什么都做。年收入都差不多。
诚心请教大家意见，career-wise, 哪个offer更好呢? IB是sell side, 似乎比hedge
fund稳定点，公司名气也大. hedge fund据说life-work balance 要更好一些, 而且比
较灵活，其中一个说去了就办绿卡; 如果做的不错，转trader似乎会较快点儿。IB是在
Manhattan; 两个hedge funds在NY周围, 从消费水平和tax方面来说更有优势。
我最终还是想做portfolio manager/trader, 不知现在去IB还是h |
|
j*******f
发帖数: 29 | 49 请版上的前辈，帮忙推荐一下给企业做Hedging的书籍和资料，尤其是偏重实务的，重
点是currency risk hedge和commodity price hedge
先谢谢大家了，请多多指点。 |
|
x***i
发帖数: 106 | 50 各位大牛，请教一个小问题：
在Delta Hedging Strategy里面，假设我们Long一个Call，然后Short了一定数量的
asset使得整个组合Delta neutral。
但是，如果这个asset最后没有到strike price，那么Call就没有价值了，在这种情况
下，我们会亏掉所有的用来买Call的Cost（如果持续hedging, Delta=0），那Delta
Hedging在这种情况下有什么用呢？
有趣的是，如果我们是Write一个Call，然后再hedging，好像就不会把所有的钱都亏掉。
请问这个是什么原因呢？是Delta Hedging的什么Assumption出错了吗？谢谢噢~ |
|
