p*********r
发帖数: 4593 | 1 实际上不 hedge 也没什么。
因为如果美元涨的更高，那对德国这个出口大国就是利更好。 EWG 就会 涨的更多。
如果美元跌，欧元涨， 那 EWG 的价格会随着欧元一快涨。
所以 hedge 主要是看你自己对 currency 的判断。
如果判断对了，那是赚额外的钱。
如果错了，那就真的是变成买保护的开销。
加一句：如果认为 EWG 还有风险，那你的钱就不要碰股票了。 |
|
N*****d
发帖数: 9872 | 2 Buffett at #BRK2015: While hedge mngrs do well by collecting fees "just for
coming to the office" investors have "paid very high price."
Buffett suggests going to longbets.org/362/ to read about the hedge fund
wager and see arguments made on both sides. |
|
t*******i
发帖数: 4960 | 3 其实我想知道这些hedge对气价格的影响以及公司的影响。
如果hedge的比例很大，是不是气价就上不来，因为气公司还在赚钱，价格越低越好。
and |
|
T*R
发帖数: 36302 | 4 可以卖covered call或是买PUT来HEDGE。
就拿CHK来举例吧:
现在股价是10.77，下周10块的CALL是0.79，PUT是0.07。
1.按你说的买10个PUT，你的hedge成本是70块+手续费大概是80多块的样子，如果周一
暴跌跌到10块，PUT大概从0.07涨3倍到0.2-0。25的样子，你10个PUT大概就变成200多
块。
你的股票损失大概是770块，这些PUT挽救了你不到200块钱。
2.如果是卖10个COVERED CALL，你马上到手790块-手续费大概770块钱。
如果周一暴跌到10块钱，你这些CALL大概值200多块，你买回10个CALL。然后你在CALL
上盈利500块。股票损失770块。
这是从实战角度出发分析的。
如果暴跌到低于10块，你的PUT盈利就更多，但是CALL的盈利就最大就是770块。比如跌到
9块，那你的PUT就值1000多块了。跌的越多，买PUT赚得越多。
如果没有暴跌，股价高于10块，那你的PUT就越来越不值钱，值到归零。
涨就是另一回事了。涨了，你的PUT慢慢地就归零了。但是你的股票开始盈利。
但是涨得越多，你卖COVER... 阅读全帖 |
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T*R
发帖数: 36302 | 5 卖COVERED CALL其实主要还是冲着稳定挣钱的角度出发，不能HEDGE暴跌的损失。
真正HEDGE暴跌，还得买PUT。 |
|
N****p
发帖数: 1691 | 6 hedge fund 是小而精吧 不需要大
经常看到 拉几个人就做 hedge fund |
|
d********1
发帖数: 2462 | 7 Hedge fund本来是为long positions做掩护的，但是他们流入的资金越来越多，胆子越
来越大，早已不是当初hedge的目的了 |
|
y***r
发帖数: 16594 | 8 大师今天又能稳赚 0.5%-1%
注意，是稳赚！！！
hedge,这就叫hedge！ |
|
m******8
发帖数: 1676 | 9 "...r’s hedge fund holdings has increased from around $1 million in 2005 to
around $49 million in 2014. The low end puts the value at around $11
million. His income from hedge funds over this period has been somewhere
between $13 million and $73 million."
https://www.yahoo.com/finance/news/sen--bob-corker-violated-sen
rules--says-watchdog-group-202012720.html |
|
g****t
发帖数: 31659 | 10 一般散户的问题是，你发了如何hedge的帖子，他们也不会看。
他们会说，这个也没有用，那个也没有用。还会说，这都是大机构用的，
对散户没用。他们做这些判断之前，全无思考和实证。
格林厄姆的书是50多年前的了。很显然，对散户来说，最方便的hedge就是持有
一定的bond,并且rebalance。
但我肯定确定以及一定一件事，这个帖子不会有几个人看，看了也不会有几个
人去想。想了也不会有什么人认为有用。
格林厄姆说了都没用，你我和歪脖说了，能有用吗... |
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f******t
发帖数: 19544 | 11 扯蛋。不hedge的散户是因为水平差，不知道该怎么hedge |
|
F****s
发帖数: 3761 | 12 It turns out that the car your hedge fund manager drives says something
about his capacity for risk taking -- and his ability to generate market-
beating returns. Minivan owners in particular run funds that tend to take on
far less risk and exhibit lower volatility than sports-car driving managers
, according to a new study by academics Yan Lu, Sugata Ray and Melvyn Teo.
https://www.bloomberg.com/news/articles/2016-12-13/when-your-hedge-fund-
manager-buys-a-ferrari-find-a-new-manager |
|
T*****s
发帖数: 366 | 13 Icahn Hedge Fund Loses 20% of Its Value in 2016
A nearly $6 billion hedge fund run by billionaire Carl Icahn continues to
suffer after tumbling 18% in 2015.
Icahn said on the day after the election that he bought “a lot of stock”
the prior night in the market selloff that immediately followed Trump’s
surprise win.
The fund appears to have been down about 8% in the fourth quarter. It was
off 12.7% through the first three quarters of 2016, according to a
regulatory filing.
In 2014 Icahn’s fund los... 阅读全帖 |
|
l*****u
发帖数: 874 | 14 去年10万美金买了SP500，收益不错，但是也感觉不可能一直这么涨下去
如果到了熊市，怎么用option 或者future 来hedge 我的 SP500？ 从来没有买过
option 或者 future
10万不算多，但是401K里还有更多SP500，觉得 hedge 还是有必要吧
请大牛指点下，谢谢 |
|
L*********4
发帖数: 883 | 15 UVXY不是好的hedge tool。平时没事的时候，跌的太厉害了。
我目前觉得还是SPXU来hedge最好。费率比margin利息低，占款也少。 |
|
发帖数: 1 | 16 hedge时间长了容易有精分感，好久不这么搞了，本蛙一般快进快出不恋战也就不大需
要hedge |
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d*****1
发帖数: 8618 | 17 long互联网软件巨头 FB/AMZN/GOOGL/NFLX/MSFT
short半导体股票hedge MU/QCOM/AVGO/AMAT/LRCX/INTC/AMD
半导体一时半会都是阳痿 这段时间正好hedge牛股
SQQQ今天跌了4%+ SOXS只跌了1% 高下立判 |
|
b****e
发帖数: 1275 | 18 on today's financial times, 像是kangjia经常转载的。。一个hedge fund manager
是如何用６０万糊口的
没有online version。。。我总结一下：
$60 million asset -> 2% mgmt fee, 20% of profit sharing = $2.4 million income
assuming 10% return a year
500k-> 3rd party marketer (now down to 1.9M)
3 employees -> 500k (1.4M)
rent, secretary, supplies -> 200k (1.2M)
partner/investor -> 50% of 1.2M (600k)
so the gross income is 600k/year for the hedge fund mgr, now the expenses:
tax 250k (350k left)
mortgage 8k/month, property tax 2k/month (230 |
|
c***n
发帖数: 54 | 19 【 以下文字转载自 JobHunting 讨论区 】
发信人: cnsin (cnsin), 信区: JobHunting
标 题: 纽约附近hedge fund/asset management IT工作（CT）--支持H1B
发信站: BBS 未名空间站 (Sun Jan 22 16:37:46 2012, 美东)
新年快乐！给大家拜个年！
这个是旧帖重发，职位仍然有效。
这里先给大家道个歉，上次其实收到不少简历，但是可能是因为我没有讲清楚，很多简
历：1，不在纽约附近（我们公司不负担IT部门的面试费用，因为不是IT公司）。2，没
有什么美国的工作经验。3，其实想做的不是IT。我当时没贴邮箱，所以要靠短信不断
来回，后来自己都跟的有点lost了。所以最后我只交上去3个简历，fail了一个，1个不
知道为啥没下文。最后一个可能下个星期要onsite了（因为他们现在有工作，我拖到过
了新年后才交了简历，否则他们等不到bonus）。
当然前面这些不便都是我的错，我在发帖的时候其实对于那个职位的要求自己也很模糊
，现在贴一个模板吧（这个是官方的职位要求，我看来都是套话）：
最重要的，我的... 阅读全帖 |
|
V***e
发帖数: 666 | 20 haha
JERSEY CITY!!!!!
Partner At New Jersey Hedge Fund Disappears With Investor Cash
Jan 27 2012 | 9:23am ET
A Jersey City, N.J.-based hedge fund firm has allegedly been bilked by one
of its own. According to sources familiar with the Osiris Fund, partner
Peter Zuck has fled with investors’ money and the fund is now defunct.
http://www.finalternatives.com/node/19417 |
|
Y*****2
发帖数: 38613 | 21 哎...
http://www.bloomberg.com/apps/news?pid=20601010&sid=adVl0mzlTekk
By Katherine Burton and Saijel Kishan
June 1 (Bloomberg) -- John Paulson, Louis Bacon and Andreas Halvorsen navigated the global market turmoil of 2008 with little or no damage. They weren’t as successful last month as the Dow Jones Industrial average had its worst May since 1940.
Hedge funds lost an average of 2.7 percent through May 27, according to the HFRX Global Hedge Fund Index, as the sovereign debt crisis in Europe tri |
|
s*********l
发帖数: 312 | 22 我现在在IB工作，我想转到Hedge Funds的公司
请问我除了去moster.com之外，还可以从哪些途径找到Hedge Fund的offer 呢？？？
谢谢。 |
|
c***n
发帖数: 54 | 23 【 以下文字转载自 JobHunting 讨论区 】
发信人: cnsin (cnsin), 信区: JobHunting
标 题: 纽约附近hedge fund/asset management IT工作（CT）--支持H1B
发信站: BBS 未名空间站 (Sun Jan 22 16:37:46 2012, 美东)
新年快乐！给大家拜个年！
这个是旧帖重发，职位仍然有效。
这里先给大家道个歉，上次其实收到不少简历，但是可能是因为我没有讲清楚，很多简
历：1，不在纽约附近（我们公司不负担IT部门的面试费用，因为不是IT公司）。2，没
有什么美国的工作经验。3，其实想做的不是IT。我当时没贴邮箱，所以要靠短信不断
来回，后来自己都跟的有点lost了。所以最后我只交上去3个简历，fail了一个，1个不
知道为啥没下文。最后一个可能下个星期要onsite了（因为他们现在有工作，我拖到过
了新年后才交了简历，否则他们等不到bonus）。
当然前面这些不便都是我的错，我在发帖的时候其实对于那个职位的要求自己也很模糊
，现在贴一个模板吧（这个是官方的职位要求，我看来都是套话）：
最重要的，我的... 阅读全帖 |
|
t********u
发帖数: 20 | 24 【 以下文字转载自 JobHunting 讨论区 】
发信人: tiramisulu (tiramisu), 信区: JobHunting
标 题: NYC Hedge Fund Junior Developer Opening
关键字: job opending,junior,developer,hedge fund
发信站: BBS 未名空间站 (Wed Sep 24 22:16:41 2014, 美东)
2-5年经验,站内联系。可以内推。支持H1B local candidates only.
The position will support the Back and Middle office technology initiatives
utilizing MS SQL Server back end and C# .NET front end solutions. The ideal
candidate will have a minimum of 1-3 years of application and database
development experience ... 阅读全帖 |
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a********a
发帖数: 3082 | 25 见过一家公寓用四季桂做hedge, 开花的时候很香, 但是hedge效果不很好, 因为四季桂
比较疏朗, 尤其被剪顶之后, 没有普通boxwood那么好看 |
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c*****i
发帖数: 515 | 26 hedging, 不一定只是金钱上，而更多是时间上和社会参与上对自己变老的对冲（你变
老，孩子长大，不至于一下老没了），虽然你可以说是乐趣，但其实潜意识里是
hedging. |
|
p**z
发帖数: 1311 | 27 我知道就3个东西了
1. investment. 看你什么hedge fund了。不是普通long short 就有fair value asc
820的问题。l/s的也就跟着custodian statement走就是了
2. management fee/commission - 不就是个乘数而已了
3. equity - 貌似HF 好像这个没什么特别讲究
帮hedge fund管理的就是帮那个fund做个bookkeeping而已吧。
做多你们公司帮他们做filing, investor relation 这种back office的东西
fund自己就做trading lor...
I THINK!! 要disclaim一下。貌似大概就那么回事了 |
|
z********i
发帖数: 628 | 28 Hedge fund is normally in a form of partnershp. The audit for Hedge Fund is
actually simpier than for a C corp. because of less accounts. However, there
are many special industry terminology required. Just like other audits, you
must know the industry and client business well first. |
|
N****E
发帖数: 1474 | 29 should have equal or better pay since hedge fund usually makes more money
than regular company and the size of the firm is small.
Depends on your location, in the locations where there are lots of financial
companies, you should be easy to find a job.
Can be very busy for month end and reporting, a lot of pressure. usually
small accounting team, do everything, like closing, reporting, etc.
Hedge fund accounting is specialized, but not difficult. so might not be
easy to transfer to other companie... 阅读全帖 |
|
b*****l
发帖数: 85 | 30 应该是跟pension 有关的。我只听说过hedge inflation, 但以前从没听说过
inflation hedge ratio。不知道有没有做pension精算方面的，有没有这么个 ratio？ |
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a*****b
发帖数: 2789 | 31 va里有hedge effectiveness，没有inflation。做pricing的应该会用到inflation，但
没听过pricing要考虑hedge inflation的 |
|
a*****b
发帖数: 2789 | 32 急需用人做VA hedging，偏modeling方向。最好ASA或者near ASA，有annuity经验，有
编程经验（C++,VB,SQL都行，不要求hardcore，能看懂code就行），最好有hedging经
验。
薪酬从优，可以办卡。1个月之内开工最好。请站内递条详谈。 |
|
a*****b
发帖数: 2789 | 33 大纽约地区，associate manager director都行，看经验。
急需用人做VA hedging，偏modeling方向。最好ASA或者near ASA，有annuity经验，有
编程经验（C++,VB,SQL都行，不要求hardcore，能看懂code就行），最好有hedging经
验。
薪酬从优，可以办卡。1个月之内开工最好。请站内递条详谈。
★ 发自iPhone App: ChineseWeb 1.0.1
★ 发自iPhone App: ChineseWeb 1.0.1 |
|
l********e
发帖数: 349 | 34 【 以下文字转载自 Quant 讨论区 】
发信人: liangstone (stone), 信区: Quant
标 题: 求助：HEDGE FUND RETURN FORECAST
发信站: BBS 未名空间站 (Tue Jul 27 23:44:20 2010, 美东)
在做一个HEDGE FUND ASSET ALLOCATION（STRATEGIC)的项目，看了些PAPER，但是对于
用什么方法做RETURN DISTRIBUTION的预测没有拿定主意。 有经验的能给说说吗？谢谢
。 |
|
i*u
发帖数: 299 | 35 hedge fund =/= hedge risk
HF有很多手法都是通过arbitrage来赚钱，i.e. event driven， relative value arb
，convertible bond arb。都是高级赌博。
就因为漏洞多，中国应该会有很大空间做这类arbitrage trade |
|
l******y
发帖数: 313 | 36 hedge the currency risk of a foreign assets using currency forwards.
hedged return should be local return + forward premium/discount?
or should be domestic risk free rate +local excess return?
here excess return=total return-risk free rate.
哪位大侠请给指点一下？在线等。多谢多谢了 |
|
t********1
发帖数: 799 | 37 now I am working at a finance company, focusing on Hedge fund.
工作中经常遇到一些名词，术语不是很清楚，我没有finance的背景，理工出身。
请问hedge fund入门书籍?
Thank you very much. |
|
r*****t
发帖数: 286 | 38 ☆─────────────────────────────────────☆
lhict (至少还有我) 于 (Wed Jan 31 13:49:18 2007) 提到:
请问，大家谁听说过WorldQuant hedge fund ?
有interview, C++ programmer in Linux.
说是做statistic Arbitrage 的hedge fund.
网上除了post了几个jobs外， 找不到任何信息。
前辈们, 知道这个公司吗? xiexie.
☆─────────────────────────────────────☆
crystalike (Motivation) 于 (Wed Jan 31 14:56:25 2007) 提到:
i heard that it has less than 20 ppl. most of those people came from millenn
ium and they are still using mill's HR/Office etc.
☆──────────────────── |
|
J*********s
发帖数: 16 | 39 The New York Times
April 24, 2007
Top Hedge Fund Managers Earn Over $240 Million
By JENNY ANDERSON and JULIE CRESWELL
James Simons, a 69-year-old publicity shy former math professor, uses
complex computer-driven mathematical models to make bets on stocks, bonds
and commodities, among other things.
His earnings last year were $1.7 billion.
As one of the leading hedge fund managers, Mr. Simons makes a sum that
dwarfs that of the top chiefs on Wall Street. The highest paid on the Street
, Lloyd C. |
|
s**a
发帖数: 178 | 40 Company: Multi-Billion Hedge Fund
Loc: Greenwich CT
Position: Jr Quant Strategist
Description:
Looking for a junior quant strategist with strong math skills to join the
securitized products group.Prior knowledge/experience of ABS/CDOs/RMBS
required. PhD preferred but not required. Proficiency in programming
languages such as C++/SAS/Matlab a must.
***********************************************
Pls send resume in MS word format to s*[email protected] and put "[CT]Jr
Quant - Hedge Fund" in subje |
|
B*********h
发帖数: 800 | 41 ☆─────────────────────────────────────☆
sera (小狮子||混在纽约) 于 (Wed Apr 11 16:30:55 2007) 提到:
NO HEDGE AGAINST SALARY
Move over, Lloyd Blankfein. There's a new king of Wall Street - and he lives
in Houston.
John Arnold, 33, head of energy hedge fund Centaurus Energy, has been
crowned the finance world's best-paid member, earning a whopping $1.5
billion to $2 billion in income last year, according to the latest issue of
Trader Monthly, which hits the newsstands April 17.
According to the magazin |
|
p**8
发帖数: 3883 | 42 Goldman Sachs hedge funds bounce back
September 20, 2007: 12:27 PM EST
Sep. 20, 2007 (Thomson Financial delivered by Newstex) --
NEW YORK (AP) - Goldman Sachs (NYSE:GS) Group Inc. on Thursday said its once
-troubled Global Equity Opportunities hedge fund has bounced back since the
world's biggest investment bank and other investors injected $3 billion to
shore it up.
David Viniar, Goldman's chief financial officer, said in a conference call
with reporters that the fund has surged 16 percent sinc |
|
h***z
发帖数: 233 | 43 http://www.nypost.com/seven/10122007/business/two_in_the_sac.htm
TWO IN THE SAC
FEDS PROBING HEDGE FUND HORMONE CHARGES
By PAUL THARP and JANA WINTER
October 12, 2007 -- The dirty little scandal at Wall Street's richest hedge
fund apparently isn't going away - feds are now investigating allegations
that a trader was forced to gulp female hormones to do his job better.
According to court papers filed yesterday, the federal Equal Employment
Opportunity Commission has a case underway to get to the |
|
c*******e
发帖数: 150 | 44 这个是 Funds of Hedge Funds，和Hedge Funds完全不是同一个概念，楼主把标题改改
吧，太misleading了。
rather
on
addition
Dec
word
industry
.5
])
billion
) |
|
k***w
发帖数: 53 | 45 It is not easy to do internal transfer within a hedge fund, especially from
operation role to investment team. Typically, hedge fund needs people coming
from analyst program in I-bank. In my firm, 85% is coming from that path (
most from GS and MS). However, there is always a hope. I saw one guy in my
firm coming from a career path similar to you, which is from Auditing to
equity research. I don't know how is that guy's story to be hired. But he
has done auditing for 7 years and now covers finan |
|
m********g
发帖数: 46 | 46 看了好多hedge fund主页，他们并不招intern. 哪些hedge fund 比较popular啊，谢谢
！ |
|
Q*********r
发帖数: 93 | 47 DE Shaw, HBK, Citadel, Wellington, BGI, Two Delta, SAC, etc, etc. Many
internal hedge funds owned by large IBs also use interns. In fact, I think
hedge funds like interns because interns are cheap labor.
The million-dollar question is how to find them... This has been discussed
on this board before so just browse back.
Good luck,
-brett |
|
s**a
发帖数: 178 | 48 Citadel Splits Off Options Unit From Hedge Funds (Update2)
By Miles Weiss
Feb. 4 (Bloomberg) -- Citadel Investment Group LLC, the asset-management
firm run by Kenneth Griffin, separated its hedge-fund business from an
options market-making unit in what may be a prelude to a public offering.
Citadel Derivatives Group LLC, the options specialist, and an offshore fund
that trades the securities were split off at the start of the year,
according to a regulatory filing. The move may make it easier fo |
|
w******9
发帖数: 10 | 49 谢谢jasminla和rjaw的回复。
对PE还了解一些。
主要我不清楚Hedge Fund未来的career path是什么？如果不做Hedge Fund了之后，又
可以做什么？这些问题想不清楚，真的没法选择。
to freesoon: 这些公司在中国, HF在中国也不少，有一些是海外公司的中国分支机构
，比较低调，一般不接受采访。 |
|
d**s
发帖数: 920 | 50 Take temperature of the industry
Can anyone share their insights ?
1. what is the average return for a hedge fund ? (I heard there are 7000+
hedge fund)
2. What is the average annual compensation of a trader ?
3. What is the average annual compensation of a Quant (1st year, 5 year or
10 years if he can still do Quant in 10 years). |
|
