{"id":7442,"date":"2019-10-21T20:17:08","date_gmt":"2019-10-21T12:17:08","guid":{"rendered":"https:\/\/\/?p=7442"},"modified":"2022-07-12T16:49:26","modified_gmt":"2022-07-12T08:49:26","slug":"what-is-hedge-funds","status":"publish","type":"post","link":"https:\/\/\/what-is-hedge-funds\/","title":{"rendered":"\u907f\u96aa\u57fa\u91d1\/\u5c0d\u6c96\u57fa\u91d1\u662f\u4ec0\u9ebc\uff1f\u600e\u9ebc\u8cb7\uff1f\u6700\u5b8c\u6574\u7684\u5c0d\u6c96\u57fa\u91d1\u6295\u8cc7\u6307\u5357"},"content":{"rendered":"<!-- \/367108978\/Rich01_PC_up_728x90 -->\n\t<div class='div-gpt-ad-css' id='div-gpt-ad-1564472272479-0' style='width: 728px; height: 90px;'>\n\t  <script>\n\t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1564472272479-0'); });\n\t  <\/script>\n\t<\/div><p><img decoding=\"async\" class=\"alignnone size-full wp-image-38751\" src=/index.html"https:\/\/\/wp-content\/uploads\/20220709210216_41.jpg\" alt=\"\u5c0d\u6c96\u57fa\u91d1-\u907f\u96aa\u57fa\u91d1-\u662f\u4ec0\u9ebc\" 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title=\"\u907f\u96aa\u57fa\u91d1\/\u5c0d\u6c96\u57fa\u91d1\u8981\u600e\u9ebc\u8cb7\uff1f\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u907f\u96aa\u57fa\u91d1\/\u5c0d\u6c96\u57fa\u91d1\u8981\u600e\u9ebc\u8cb7\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=/index.html"https:\/\/\/what-is-hedge-funds\/#%E5%A6%82%E4%BD%95%E5%88%A4%E6%96%B7%E9%81%BF%E9%9A%AA%E5%9F%BA%E9%87%91%E6%8A%95%E8%B3%87%E7%9A%84%E5%AE%89%E5%85%A8%E6%80%A7%EF%BC%9F\" title=\"\u5982\u4f55\u5224\u65b7\u907f\u96aa\u57fa\u91d1\u6295\u8cc7\u7684\u5b89\u5168\u6027\uff1f\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u5982\u4f55\u5224\u65b7\u907f\u96aa\u57fa\u91d1\u6295\u8cc7\u7684\u5b89\u5168\u6027\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=/index.html"https:\/\/\/what-is-hedge-funds\/#%E9%81%BF%E9%9A%AA%E5%9F%BA%E9%87%91%E5%B0%8D%E6%B2%96%E5%9F%BA%E9%87%91%E5%BF%AB%E9%80%9F%E7%B8%BD%E7%B5%90%EF%BC%9A\" title=\"\u907f\u96aa\u57fa\u91d1\/\u5c0d\u6c96\u57fa\u91d1\u5feb\u901f\u7e3d\u7d50\uff1a\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u907f\u96aa\u57fa\u91d1\/\u5c0d\u6c96\u57fa\u91d1\u5feb\u901f\u7e3d\u7d50\uff1a<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"%E9%81%BF%E9%9A%AA%E5%9F%BA%E9%87%91%E3%80%81%E5%B0%8D%E6%B2%96%E5%9F%BA%E9%87%91%E6%98%AF%E4%BB%80%E9%BA%BC%EF%BC%9F\"><\/span>\u907f\u96aa\u57fa\u91d1\u3001\u5c0d\u6c96\u57fa\u91d1\u662f\u4ec0\u9ebc\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>\u907f\u96aa\u57fa\u91d1\uff08\u82f1\u6587\uff1aHedge funds)\uff09\u7c21\u55ae\u7684\u5b9a\u7fa9\u5c31\u662f\uff0c\u6c92\u6709\u4efb\u4f55\u898f\u5247\u9650\u5236\u7684\u57fa\u91d1\u3002<\/strong><strong>\u4f46\u907f\u96aa\u57fa\u91d1\u771f\u7684\u907f\u96aa\u55ce\uff1f<\/strong><\/p>\n<blockquote><p><strong>\u5c0d\u6c96\u57fa\u91d1\u771f\u7684\u662f\u591a\u7a7a\u5c0d\u6c96\u55ce\uff1f\u4e26\u4e0d\u662f\u3002<\/strong><\/p><\/blockquote>\n<p>\u5176\u5be6\u9019\u662f\u7ffb\u8b6f\u4e0a\u7684\u8aa4\u89e3\uff0c\u4f46\u6211\u4e5f\u61f7\u7591\u662f\u4e0d\u662f\u6545\u610f\u9019\u6a23\u7ffb\u8b6f\u7684\uff0c\u5728\u570b\u5916\u90fd\u53ea\u6709\u4e00\u500b\u540d\u5b50\u53eb<strong>hedge funds<\/strong>\uff0c\u53f0\u7063\u5927\u591a\u7ffb\u8b6f\u6210<strong>\u907f\u96aa\u57fa\u91d1<\/strong>\uff0c\u6216\u8005\u4e5f\u6709\u4eba\u7a31\u70ba<strong>\u5c0d\u6c96\u57fa\u91d1<\/strong>\uff0c<\/p>\n<p>\u4f46\u8ddf\u907f\u96aa\u6216\u5c0d\u6c96\u90fd\u6c92\u6709\u7d55\u5c0d\u7684\u95dc\u4fc2\uff0c\u9019\u8981\u4f9d\u64da\u5404\u57fa\u91d1\u7684\u64cd\u4f5c\u7b56\u7565\u800c\u5b9a\u3002<\/p>\n<p>\u907f\u96aa\u57fa\u91d1\u5b83\u5c6c\u65bc<strong>\u79c1\u52df<\/strong>\u57fa\u91d1\u7684\u5176\u4e2d\u4e00\u7a2e\uff0c\u79c1\u52df\u610f\u601d\u5c31\u662f\u4e0d\u80fd\u96a8\u610f\u5c0d\u516c\u958b\u5927\u773e\u63a8\u5ee3\uff0c<\/p>\n<p>\u8981\u8aaa\u660e\u79c1\u52df\u9019\u500b\u7279\u6027\uff0c\u9996\u5148\u8981\u770b\u53e6\u4e00\u7a2e\u57fa\u91d1\uff1a<a href=/index.html"https:\/\/\/fund-01\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>\u5171\u540c\u57fa\u91d1 mutual fund\uff0c<\/strong><\/a>\u9019\u4e5f\u662f\u4e00\u822c\u5927\u773e\u53ef\u4ee5\u8cb7\u5230\u7684\u57fa\u91d1\uff0c\u5e02\u9762\u4e0a\u4f60\u5e38\u807d\u5230\u6240\u6709\u7684\u57fa\u91d1\u5e7e\u4e4e\u90fd\u5c6c\u65bc\u9019\u4e00\u985e\u3002<\/p>\n<p>\u7531\u65bc\u70ba\u4e86\u8b93\u4e0d\u7279\u5b9a\u5927\u773e\u53ef\u4ee5\u8cfc\u8cb7\uff0c\u56e0\u6b64\u6cd5\u898f\u5c31\u5f97\u5c0d\u57fa\u91d1\u63d0\u51fa\u8a31\u591a\u9650\u5236\u3002<\/p>\n<p><strong>\u6bd4\u65b9\u8aaa\u4e0d\u80fd\u8cfc\u8cb7\u6307\u5b9a\u7a2e\u985e\u4ee5\u5916\u7684\u5546\u54c1\u3001\u6bcf\u7a2e\u5546\u54c1\u8cb7\u8ce3\u90e8\u4f4d\u9650\u5236\u3001\u8cb7\u8ce3\u4e4b\u524d\u8981\u63d0\u51fa\u5831\u544a\u66f8\u3001\u4e0d\u80fd\u653e\u7a7a\u3001\u4eba\u54e1\u9700\u8981\u57f7\u7167\u7b49\u7b49\uff0c<\/strong><\/p>\n<p>\u9019\u4e9b\u9650\u5236\u8b93\u6295\u8cc7\u5927\u773e\u66f4\u5b89\u5fc3\uff0c\u4e0d\u7528\u6015\u51fa\u73fe\u592a\u5947\u602a\u7684\u7d50\u679c\u6216\u904e\u5ea6\u5287\u70c8\u7684\u6ce2\u52d5\uff0c\u4f46\u4e5f\u8b93\u5171\u540c\u57fa\u91d1\u76f8\u5c0d\u5f88\u96e3\u6709\u8f03\u597d\u7684\u7e3e\u6548\u3002<\/p>\n<p>\u56de\u982d\u770b\u5230\u907f\u96aa\u57fa\u91d1\uff0c\u7531\u65bc\u5b83\u5728\u4ea4\u6613\u4e0a\u5b8c\u5168\u6c92\u6709\u4efb\u4f55\u9650\u5236\uff0c\u53ef\u4ee5\u4ea4\u6613\u5305\u542b\u80a1\u7968\u3001\u671f\u8ca8\u3001\u9078\u64c7\u6b0a\u3001\u532f\u7387\u3001\u4e0d\u52d5\u7522\u3001\u571f\u5730\u3001\u5546\u696d\u958b\u767c\u3001\u5275\u696d\u6295\u8cc7\u7b49\u7b49\u4efb\u4f55\u6295\u8cc7\u9805\u76ee\uff0c<\/p>\n<p>\u4e5f\u53ef\u4ee5\u653e\u7a7a\u64cd\u4f5c\u3001\u6eff\u624b\u73fe\u91d1\u4e5f\u662f\u53ef\u4ee5\uff0c\u9019\u6a23\u4e00\u4f86\u5c31\u6703\u7522\u751f\u5404\u7a2e\u4e0d\u540c\u7684\u6295\u8cc7\u7d50\u679c\uff0c\u53ef\u80fd\u5927\u597d\uff0c\u4f46\u4e5f\u53ef\u80fd\u5927\u58de\u3002<\/p>\n<blockquote><p>\u56e0\u6b64\u907f\u96aa\u57fa\u91d1\u53ea\u80fd\u5920\u7d66\u7279\u5b9a\u4eba\u58eb\u8cfc\u8cb7\uff0c\u4e26\u4e14\u5ba3\u50b3\u4e0a\u6709\u5f88\u591a\u9650\u5236\u3002<\/p>\n<p>\u6240\u8b02\u7279\u5b9a\u4eba\u58eb\u6307\u7684\u662f\u6709\u8f03\u9ad8\u98a8\u96aa\u627f\u53d7\u80fd\u529b\u7684\u4eba\uff0c\u4e00\u822c\u500b\u4eba\u8cc7\u7522\u898f\u6a21\u6700\u4f4e\u8981\u5728100\u842c\u7f8e\u91d1\u4ee5\u4e0a\uff0c\u624d\u6703\u958b\u59cb\u63a5\u89f8\u5230\u9019\u985e\u7684\u8a0a\u606f\u3002<\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"%E9%81%BF%E9%9A%AA%E5%9F%BA%E9%87%91%E6%98%AF%E5%A6%82%E4%BD%95%E7%99%BC%E8%A1%8C%E7%9A%84%EF%BC%9F\"><\/span>\u907f\u96aa\u57fa\u91d1\u662f\u5982\u4f55\u767c\u884c\u7684\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>\u907f\u96aa\u57fa\u91d1\u7684\u516c\u53f8\u7d44\u6210\uff1a\u300c\u57fa\u91d1\u7d93\u7406\u4eba\uff0b\u8cc7\u6599\uff0b\u7b56\u7565\uff0b\u8cc7\u91d1\u300d<\/strong><\/p>\n<p>\u5728\u5b9a\u7fa9\u4e0a\uff0c\u907f\u96aa\u57fa\u91d1\uff0c\u662f\u6295\u8cc7\u4eba\u6216\u8005\u64cd\u76e4\u4eba\u5c0d\u57fa\u91d1\u7684\u7a31\u547c\u5be6\u969b\u4e0a\u9019\u4e9b\u57fa\u91d1\uff0c\u5927\u591a\u4e5f\u6703\u4ee5<strong>\u8cc7\u7522\u7ba1\u7406\u516c\u53f8<\/strong>\u6216<strong>\u6709\u9650\u5408\u5925\u516c\u53f8<\/strong>\u7684\u65b9\u5f0f\u5b58\u5728\uff0c<\/p>\n<p>\u80a1\u795e\u5df4\u83f2\u7279\u572826\u6b72\u6642\u6210\u7acb\u7684\u300c\u5df4\u83f2\u7279\u806f\u5408\u6709\u9650\u516c\u53f8\u300d\uff08Buffett Associates, Ltd.\uff09\uff0c\u4ee5\u53ca\u5f8c\u4f86\u7684\u300c\u5df4\u83f2\u7279\u5408\u5925\u4e8b\u696d\u6709\u9650\u516c\u53f8\u300d\uff08Buffett Partnership, Ltd.\uff09\u5c31\u662f\u4e00\u500b\u6709\u9650\u516c\u53f8\u7684\u5be6\u9ad4\uff0c\u800c\u80a1\u6771\u5247\u662f\u4ee5\u6709\u9650\u5408\u5925\u4eba\u6216\u7279\u5225\u80a1\u7684\u65b9\u5f0f\u5165\u80a1\u52a0\u5165\u3002\u5230\u5f8c\u4f86\u5df4\u83f2\u7279\u6536\u8cfc\u4e86\u6ce2\u514b\u590f\uff0c\u624d\u4ee5\u6ce2\u514b\u590f\u4f5c\u70ba\u8cc7\u7522\u7ba1\u7406\u516c\u53f8\u7684\u4e3b\u9ad4\u3002<\/p>\n<p>\u8a31\u591a\u907f\u96aa\u57fa\u91d1\u53ef\u80fd\u4e5f\u5c313~6\u4eba\uff0c\u800c\u5176\u4e2d<strong>\u57fa\u91d1\u7d93\u7406\u4eba<\/strong>\u662f\u57fa\u91d1\u6210\u6548\u597d\u58de\u7684\u95dc\u9375\uff0c\u4ed6\u7684\u7b56\u7565\u76f4\u63a5\u5f71\u97ff\u6210\u6557\uff0c\u5718\u968a\u4eba\u8d8a\u591a\u4e0d\u898b\u5f97\u8d8a\u597d\uff0c\u5982\u679c\u4e0d\u662f\u570b\u969b\u4e0a\u7684\u5927\u578b\u57fa\u91d1\uff0c\u4e00\u822c\u5927\u591a\u4e0d\u8d85\u904e10\u4eba\u3002<\/p>\n<p>\u6709\u4e9b\u5c0d\u6c96\u57fa\u91d1\u7ba1\u7406\u5718\u968a\u751a\u81f3\u53ea\u670d\u52d9\u7ba1\u7406\u4e00\u500b\u5bb6\u65cf\u7684\u8cc7\u7522\uff0c\u6839\u64da\u670d\u52d9\u5c0d\u8c61\u4e0d\u540c\uff0c\u4e5f\u6709\u4eba\u7a31\u4f5c\u79c1\u4eba\u8ca1\u5bcc\u7ba1\u7406\uff0c\u6216\u662f\u5bb6\u65cf\u8fa6\u516c\u5ba4\u3002<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E6%8A%95%E8%B3%87%E9%81%BF%E9%9A%AA%E5%9F%BA%E9%87%91%E5%B0%8D%E6%B2%96%E5%9F%BA%E9%87%91%E7%9A%84%E5%84%AA%E9%BB%9E%E5%92%8C%E7%BC%BA%E9%BB%9E%EF%BC%9A\"><\/span>\u6295\u8cc7\u907f\u96aa\u57fa\u91d1\/\u5c0d\u6c96\u57fa\u91d1\u7684\u512a\u9ede\u548c\u7f3a\u9ede\uff1a<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><strong>\u907f\u96aa\u57fa\u91d1\/\u5c0d\u6c96\u57fa\u91d1\u512a\u9ede<\/strong><\/h3>\n<ol>\n<li><span style=\"font-size: 16px;\">\u4e0d\u7528\u770b\u76e4\u3001\u4e0d\u7528\u64d4\u5fc3\u80a1\u5e02\u5d29\u76e4\u3001\u4e0d\u7528\u7ba1\u532f\u7387\u5229\u7387\uff0c\u5206\u6563\u8cc7\u7522\u914d\u7f6e\u8d70\u52e2\u548c\u4e00\u822c\u80a1\u5e02\u50b5\u5e02\u90fd\u4e0d\u540c<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u60f3\u8ffd\u6c42\u8907\u5229\u6548\u679c\uff0c\u77ed\u6642\u9593\u78ba\u5b9a\u6b63\u5831\u916c\uff0c\u53ef\u4ee5\u52a0\u901f\u8907\u5229\u6548\u679c(\u5b63\u8907\u5229)<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u8cc7\u91d1\u5920\u5927\u6642\u53ef\u4ee5\u5ba2\u88fd\u5316\u8cc7\u7522\u7ba1\u7406\u9700\u6c42<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u6700\u597d\u7684\u7d93\u7406\u4eba\u90fd\u5728\u79c1\u52df(\u56e0\u70ba\u5f85\u9047\u8f03\u9ad8)<\/span><\/li>\n<\/ol>\n<h3><strong>\u907f\u96aa\u57fa\u91d1\/\u5c0d\u6c96\u57fa\u91d1\u7f3a\u9ede<\/strong><\/h3>\n<ol>\n<li>\u96e3\u9047\u5230\uff0c\u901a\u5e38\u90fd\u662f\u900f\u904e\u8f49\u4ecb\u7d39<\/li>\n<li>\u96e3\u5206\u8fa8\uff0c\u9700\u8981\u81ea\u5df1\u6709\u4e00\u5b9a\u7684\u5224\u65b7\u80fd\u529b\u4ee5\u9632\u8a50\u9a19<\/li>\n<li>\u8cc7\u91d1\u9580\u6abb\u9ad8\uff0c\u901a\u5e38\u6700\u4f4e\u91d1\u984d\u662f1000\u842c\u4ee5\u4e0a<\/li>\n<\/ol>\n<p>\u4ee5\u524d\u66fe\u7d93\u5beb\u904e\u4e00\u7bc7\u6bd4\u8f03\u907f\u96aa\u57fa\u91d1\u8207\u5171\u540c\u57fa\u91d1\uff0c<br \/>\n\u53ef\u95b1\u8b80\uff1a<a href=/index.html"https:\/\/\/blog-post_3902\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u907f\u96aa\u57fa\u91d1vs\u5171\u540c\u57fa\u91d1\u5dee\u7570\u6bd4\u8f03<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E5%85%A8%E7%90%83%E9%81%BF%E9%9A%AA%E5%9F%BA%E9%87%91%E6%8E%92%E5%90%8DTop10\"><\/span>\u5168\u7403\u907f\u96aa\u57fa\u91d1\u6392\u540dTop10<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u4ee5\u4e0b\u5217\u51fa2018\u5e74\u5168\u7403\u6392\u540dtop10\u7684\u907f\u96aa\u57fa\u91d1\uff0c\u5927\u591a\u7ba1\u7406\u6709\u9322\u4eba\u7684\u8cc7\u7522\uff0c\u6709\u4e9b\u5247\u662f\u7ba1\u7406\u4e00\u4e9b\u570b\u5bb6\u7684\u9000\u4f11\u57fa\u91d1\u3002<br \/>\n\u5927\u5bb6\u6bd4\u8f03\u5e38\u807d\u5230\u7684\u4f8b\u5982\uff1a\u6a4b\u6c34\u57fa\u91d1\u3001\u6587\u85dd\u5fa9\u8208\u57fa\u91d1\u3001\u9ad8\u76db\u3002<\/p>\n<p>\u7576\u7136\uff0c<br \/>\n\u9019\u4e9b\u57fa\u91d1\u8a31\u591a\u90fd\u662f\u81f3\u5c11500\u842c\u7f8e\u91d1\u624d\u80fd\u62951\u55ae\u4f4d\uff0c\u6216\u8005\u5df2\u7d93\u5c01\u9589\u4e0d\u6536\u65b0\u8cc7\u91d1\uff0c<br \/>\n\u901a\u5e38\u53ea\u80fd\u5728\u8cc7\u7522\u5920\u591a\u5f8c\u7b49\u4ed6\u5011\u4f86\u627e\u4f60\uff0c\u6240\u4ee5\u5217\u51fa\u4f86\u4e5f\u53ea\u80fd\u770b\u770b\u4f5c\u70ba\u4e00\u500b\u53c3\u8003(\u9060\u76ee)\u3002<\/p>\n<table dir=\"ltr\" cellspacing=\"0\" cellpadding=\"0\">\n<colgroup>\n<col width=\"54\" \/>\n<col width=\"294\" \/>\n<col width=\"96\" \/>\n<col width=\"203\" \/><\/colgroup>\n<tbody>\n<tr>\n<td style=\"text-align: center;\" colspan=\"4\" rowspan=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;2018\u5e74\u5168\u7403\u907f\u96aa\u57fa\u91d1\u898f\u6a21\u6392\u540dTop10&quot;}\"><strong>2018\u5e74\u5168\u7403\u907f\u96aa\u57fa\u91d1\u898f\u6a21\u6392\u540dTop10<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u6392\u540d&quot;}\"><strong>\u6392\u540d<\/strong><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u907f\u96aa\u57fa\u91d1\u540d\u7a31&quot;}\"><strong>\u907f\u96aa\u57fa\u91d1\u540d\u7a31<\/strong><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u898f\u6a21($\u767e\u842c\u7f8e\u91d1)&quot;}\"><strong>\u898f\u6a21<br \/>\n($\u767e\u842c\u7f8e\u91d1)<\/strong><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u7b56\u7565\u985e\u578b&quot;}\"><strong>\u7b56\u7565\u985e\u578b<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:1}\">1<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;AQR Capital Management&quot;}\">AQR Capital Management<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:243982}\">243982<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Multi Strategy&quot;}\">Multi Strategy<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:2}\">2<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Bridgewater Associates&quot;}\">Bridgewater Associates<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:239323}\">239323<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Long\/Short&quot;}\">Long\/Short<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:3}\">3<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Millennium Management&quot;}\">Millennium Management<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:207626}\">207626<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Multi Strategy&quot;}\">Multi Strategy<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:4}\">4<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Citadel Investment Group&quot;}\">Citadel Investment Group<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:152656}\">152656<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Convertibles&quot;}\">Convertibles<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:5}\">5<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Goldman Sachs Asset Management&quot;}\">Goldman Sachs Asset Management<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:106240}\">106240<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:6}\">6<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Wellington Management Company LLP&quot;}\">Wellington Management Company LLP<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:99739}\">99739<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Multi Strategy&quot;}\">Multi Strategy<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:7}\">7<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Renaissance Technologies&quot;}\">Renaissance Technologies<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:97005}\">97005<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Multi Strategy&quot;}\">Multi Strategy<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:8}\">8<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Pine River Capital Management&quot;}\">Pine River Capital Management<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:82775}\">82775<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Multi Strategy&quot;}\">Multi Strategy<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:9}\">9<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;DE Shaw&quot;}\">DE Shaw<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:81316}\">81316<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Absolute Return&quot;}\">Absolute Return<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:10}\">10<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Fortress Investment Group&quot;}\">Fortress Investment Group<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:56936}\">56936<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Private Equity&quot;}\">Private Equity<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" rowspan=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u8cc7\u6599\u4f86\u6e90\uff1ahedgelists.com\u3000\u3000\u8cc7\u6599\u6574\u7406\uff1aMr.Market\u5e02\u5834\u5148\u751f&quot;}\">\u8cc7\u6599\u4f86\u6e90\uff1ahedgelists.com\u3000\u3000\u8cc7\u6599\u6574\u7406\uff1aMr.Market\u5e02\u5834\u5148\u751f<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"%E9%81%BF%E9%9A%AA%E5%9F%BA%E9%87%91%E7%9A%84%E5%A0%B1%E9%85%AC%E7%8E%87%EF%BC%9F\"><\/span>\u907f\u96aa\u57fa\u91d1\u7684\u5831\u916c\u7387\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u5df4\u514b\u840a\u6709\u7de8\u5236\u4e00\u500b\u907f\u96aa\u57fa\u91d1\u6307\u6578(<a href=/index.html"https:\/\/portal.barclayhedge.com\/cgi-bin\/indices\/displayHfIndex.cgi?indexCat=Barclay-Hedge-Fund-Indices&amp;indexName=Barclay-Hedge-Fund-Index\" target=\"_blank\" rel=\"noopener nofollow\" data-wpel-link=\"external\">Barclay Hedge Fund Index<\/a>)<\/p>\n<p>\u5e02\u5834\u5148\u751f\u628a\u8cc7\u6599\u6574\u7406\u5982\u4e0b\u5716\uff1a<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-7444 size-full\" src=/index.html"https:\/\/\/wp-content\/uploads\/20191021194743_37.jpg\" alt=\"\u907f\u96aa\u57fa\u91d1\u5831\u916c\" width=\"689\" height=\"418\" \/><br \/>\n\u5f9e\u4e2d\u53ef\u4ee5\u89c0\u5bdf\u5230\uff0c<\/p>\n<ul>\n<li><span style=\"font-size: 16px;\">\u57282000\u5e74\u5f8c\uff0c\u907f\u96aa\u57fa\u91d1\u6307\u6578\u4e26\u6c92\u6709\u53d7\u5230\u7db2\u8def\u6ce1\u6cab\u5f71\u97ff\uff0c\u56e0\u6b64\u9019\u6bb5\u6642\u9593\u4e5f\u6301\u7e8c\u5275\u9020\u6b63\u5831\u916c\uff0c\u7e3e\u6548\u9060\u9060\u9818\u5148\u80a1\u7968\u5e02\u5834\u3002<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u57282008\u5e74\u6642\uff0c\u80a1\u7968\u5e02\u5834\u5f9e\u9ad8\u9ede\u5230\u4f4e\u9ede\u7d04\u4e0b\u8dcc50%\uff0c\u907f\u96aa\u57fa\u91d1\u6307\u6578\u5f9e\u9ad8\u9ede\u5230\u4f4e\u9ede\u4e0b\u8dcc\u5247\u662f\u572825%\u4ee5\u5167\u3002<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u57282009\u5e74\u4ee5\u5f8c\uff0c\u80a1\u7968\u5e02\u5834\u5448\u73fe\u5927\u591a\u982d\uff0c\u52302019\u5e74\u70ba\u6b6210\u5e74\u591a\u4e0a\u6f32\u7d04350%\uff0c\u4f46\u907f\u96aa\u57fa\u91d1\u6307\u6578\u5247\u662f\u50c5\u4e0a\u6f3290%\uff0c\u539f\u56e0\u662f\u6700\u8fd110\u5e74\u7f8e\u570b\u7684\u5927\u578b\u80a1\u771f\u7684\u592a\u5f37\u3002<\/span><\/li>\n<\/ul>\n<p><strong>\u9019\u88e1\u67093\u500b\u6982\u5ff5\u5f88\u91cd\u8981\uff1a<\/strong><\/p>\n<p>1. \u907f\u96aa\u57fa\u91d1\u901a\u5e38\u66f4\u8ffd\u6c42\u5831\u916c\u7684\u7a69\u5b9a\u6027\u53ca\u7d55\u5c0d\u5831\u916c\uff0c\u512a\u79c0\u7684\u907f\u96aa\u57fa\u91d1\u4e0d\u898b\u5f97\u5831\u916c\u8d85\u9ad8\uff0c\u4f46\u901a\u5e38\u90fd\u80fd\u9577\u671f\u4fdd\u6301\u5c0f\u6ce2\u52d5<\/p>\n<p>2. \u907f\u96aa\u57fa\u91d1\u62c9\u9577\u6642\u9593\uff0c\u5831\u916c\u7387\u4e26\u4e0d\u662f\u7d55\u5c0d\u52dd\u904e\u5927\u76e4\u6307\u6578<\/p>\n<p>3. \u56e0\u70ba\u6709\u6a5f\u6703\u505a\u5230\u6ce2\u52d5\u5f88\u5c0f\u7684\u7d55\u5c0d\u5831\u916c\uff0c\u56e0\u6b64\u907f\u96aa\u57fa\u91d1\u7684\u5831\u916c\u8907\u5229\u53ef\u4ee5\u5f9e\u539f\u672c\u5e74\u8907\u5229\uff0c\u8b8a\u6210\u505a\u5230\u5b63\u8907\u5229\u6216\u6708\u8907\u5229\u3001\u5927\u5e45\u62c9\u9ad8\u6295\u8cc7\u6210\u679c\uff0c\u5e74\u5316\u5831\u916c\u7387\u6709\u53ef\u80fd\u53ef\u4ee5\u523020%~30%<\/p>\n<p>\u6240\u8b02\u5c0f\u6ce2\u52d5\u4e0b\u76e1\u53ef\u80fd\u62c9\u9ad8\u5831\u916c\uff0c\u4e5f\u5c31\u662f<strong>\u590f\u666e\u6bd4\u7387(sharpe ratio)<\/strong>\u7684\u6982\u5ff5\uff0c<br \/>\n\u56e0\u6b64\u6240\u8b02\u597d\u7684\u57fa\u91d1\uff0c\u8a31\u591a\u6642\u5019\u4e26\u4e0d\u662f\u6307\u5831\u916c\u9ad8\u6216\u6230\u52dd\u5927\u76e4\uff0c\u800c\u662f\u5b83\u80fd\u5728\u5f88\u6709\u9650\u7684\u6ce2\u52d5\u4e0b\u5275\u9020\u597d\u5831\u916c\u7387\u3002<br \/>\n\u53ef\u95b1\u8b80\uff1a<a href=/index.html"https:\/\/\/what-sharpe-ratio\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u4ec0\u9ebc\u662f\u590f\u666e\u6bd4\u7387(sharpe ratio)\uff1f<\/a><\/p>\n<p><strong>\u4e0d\u904e\u8981\u6ce8\u610f\u7684\u662f\uff1a\u6307\u6578\u53ea\u662f\u4e00\u500b\u5e73\u5747\u503c\u7684\u6982\u5ff5<\/strong><\/p>\n<p>\u7531\u65bc\u907f\u96aa\u57fa\u91d1\u7684\u500b\u5225\u597d\u58de\u843d\u5dee\u5f88\u5927\uff0c\u5f37\u7684\u5f88\u5f37\u3001\u5f31\u7684\u5f88\u5f31\uff0c<br \/>\n\u56e0\u6b64\u907f\u96aa\u57fa\u91d1\u5831\u916c\u7387\u7684\u5e73\u5747\u503c\u4e5f\u53ea\u662f\u50c5\u4f9b\u53c3\u8003\uff0c\u5be6\u969b\u8981\u6839\u64da\u4f60\u6295\u8cc7\u7684\u57fa\u91d1\u7684\u7b56\u7565\u8207\u7e3e\u6548\u8b8a\u5316\u505a\u5224\u65b7\u3002<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E9%81%BF%E9%9A%AA%E5%9F%BA%E9%87%91%E5%B0%8D%E6%B2%96%E5%9F%BA%E9%87%91%E7%9A%84%E8%B2%BB%E7%94%A8%E8%A6%81%E5%A4%9A%E5%B0%91%EF%BC%9F\"><\/span>\u907f\u96aa\u57fa\u91d1\/\u5c0d\u6c96\u57fa\u91d1\u7684\u8cbb\u7528\u8981\u591a\u5c11\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u907f\u96aa\u57fa\u91d1\u7684\u8cbb\u7528\u901a\u5e38\u6574\u9ad4\u6703\u6bd4\u5171\u540c\u57fa\u91d1\u66f4\u9ad8\uff0c\u8cbb\u7528\u4e3b\u8981\u7528\u5728\u8cfc\u8cb7\u8cc7\u6599\u3001\u7cfb\u7d71\u3001\u4eba\u624d\u8058\u50f1\u6210\u672c\u3002<br \/>\n\u4ee5\u4e0b\u662f\u907f\u96aa\u57fa\u91d1\u6703\u6709\u7684\u8cbb\u7528\u884c\u60c5\u7bc4\u570d\uff1a<\/p>\n<ul>\n<li><span style=\"font-size: 16px;\"><strong>\u7533\u8cfc\u8cbb<\/strong> \u7d040.1%~0.3%<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u8d16\u56de\u8cbb<\/strong> \u7d040.2%~0.4%<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u7ba1\u7406\u8cbb<\/strong> \u901a\u5e38\u662f1.5%~2.5%<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u7e3e\u6548\u734e\u91d1<\/strong> 15%~30%\uff0c\u6b63\u5e38\u662f\u8d85\u904e\u7ba1\u7406\u8cbb\u5f8c\u5c31\u6703\u8a08\u7b97\u7e3e\u6548\u734e\u91d1\uff0c\u6709\u4e9b\u662f\u6703\u8d85\u904eX%\u624d\u6703\u958b\u59cb\u7b97<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong>\u4fdd\u7ba1\u9280\u884c<\/strong> 0.25%~0.4%(\u570b\u5916\u4f4e\u65bc0.1%)<\/span><\/li>\n<\/ul>\n<p>\u5927\u984d\u6295\u8cc7\u4eba\u8cbb\u7528\u901a\u5e38\u6709\u53ef\u4ee5\u8b70\u50f9\u7684\u7a7a\u9593\u5728\uff0c\u4f8b\u5982\u53ef\u4ee5\u514d\u9664\u7533\u8cfc\u8d16\u56de\u8cbb\u7528\u3002<\/p>\n<p>\u8cbb\u7528\u4f4e\u6703\u6bd4\u8f03\u597d\u55ce\uff1f<\/p>\n<p>\u5728\u5171\u540c\u57fa\u91d1\uff0c\u540c\u985e\u57fa\u91d1\u5831\u916c\u901a\u5e38\u5dee\u7570\u4e0d\u5927\uff0c\u56e0\u6b64\u8cbb\u7528\u5f71\u97ff\u5c31\u5f88\u9ad8\uff0c\u4f46\u5728\u907f\u96aa\u57fa\u91d1\u5831\u916c\u597d\u58de\u5dee\u7570\u901a\u5e38\u5f88\u5de8\u5927\u3002<\/p>\n<p>\u6709\u53e5\u8a71\u8aaa\uff1a\u300c\u62ff\u9999\u8549\u53ea\u80fd\u8acb\u5f97\u8d77\u7334\u5b50\u3002\u300d\u8cbb\u7528\u548c\u56de\u5831\u5728\u907f\u96aa\u57fa\u91d1\u901a\u5e38\u6709\u7d55\u5c0d\u7684\u95dc\u4fc2\u3002<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E6%9C%89%E9%8C%A2%E4%BA%BA%E7%82%BA%E4%BB%80%E9%BA%BC%E6%9C%83%E6%8A%95%E8%B3%87%E9%81%BF%E9%9A%AA%E5%9F%BA%E9%87%91%E5%B0%8D%E6%B2%96%E5%9F%BA%E9%87%91%EF%BC%9F\"><\/span>\u6709\u9322\u4eba\u70ba\u4ec0\u9ebc\u6703\u6295\u8cc7\u907f\u96aa\u57fa\u91d1\/\u5c0d\u6c96\u57fa\u91d1\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u5176\u5be6\u770b\u5230\u4e0a\u9762\u907f\u96aa\u57fa\u91d1\u6307\u6578\u7684\u5831\u916c\u7387\u53ca\u8d70\u52e2\u4f60\u6703\u767c\u73fe\uff0c\u907f\u96aa\u57fa\u91d1\u96d6\u7136\u4e5f\u8ffd\u6c42\u9ad8\u5831\u916c\uff0c\u4f46\u597d\u7684\u907f\u96aa\u57fa\u91d1\u901a\u5e38\u66f4\u5728\u610f\u98a8\u96aa\u3002<\/p>\n<p>\u907f\u96aa\u57fa\u91d1\u7684\u6295\u8cc7\u4eba\uff0c\u6bd4\u8f03\u5dee\u7684\u6295\u8cc7\u7406\u7531\u901a\u5e38\u4e5f\u662f\u70ba\u4e86<strong>\u8ffd\u6c42\u9ad8\u5831\u916c<\/strong>\uff0c\u4f46\u9019\u9ede\u6211\u8a8d\u70ba\u4e0d\u898b\u5f97\u80fd\u9054\u6210\uff0c\u7562\u7adf\u76ee\u6a19\u5c31\u53ea\u662f\u76ee\u6a19\u3002<\/p>\n<p>\u6bd4\u8f03\u597d\u7684\u6295\u8cc7\u7406\u7531\u662f\u70ba\u4e86<strong>\u914d\u7f6e\u4e0d\u540c\u8d70\u52e2\u985e\u578b\u7684\u8cc7\u7522\u3002<\/strong><\/p>\n<p>\u5206\u6563\u65e2\u6709\u6295\u8cc7\u7684\u98a8\u96aa\uff0c\u900f\u904e\u907f\u96aa\u57fa\u91d1\u63d0\u4f9b\u55ae\u7d14\u6295\u8cc7\u80a1\u7968\u3001\u50b5\u5238\u4ee5\u5916\u4e0d\u540c\u7684\u6210\u9577\u8d70\u52e2\u3002<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E6%8A%95%E8%B3%87%E9%81%BF%E9%9A%AA%E5%9F%BA%E9%87%91%E5%B0%8D%E6%B2%96%E5%9F%BA%E9%87%91%E8%A6%81%E6%B3%A8%E6%84%8F%E4%BB%80%E9%BA%BC%EF%BC%9F\"><\/span>\u6295\u8cc7\u907f\u96aa\u57fa\u91d1\/\u5c0d\u6c96\u57fa\u91d1\u8981\u6ce8\u610f\u4ec0\u9ebc\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u4ee5\u4e0b\u5217\u51fa\u4e00\u4e9b\u6211\u8a8d\u70ba\u6295\u8cc7\u4e4b\u524d\u9700\u8981\u77e5\u9053\u7684\u4e8b\uff1a<\/p>\n<p>1. \u6295\u8cc7\u4e00\u55ae\u4f4d\u91d1\u984d\u9580\u6abb\u901a\u5e38\u8f03\u5927\uff0c\u4e00\u500b\u55ae\u4f4d1000\u842c~5000\u842c\u4e0d\u7b49\uff0c\u5927\u591a\u907f\u96aa\u57fa\u91d1\u90fd\u4e0d\u6536\u5c0f\u8cc7\u91d1<\/p>\n<p>2. \u901a\u5e38\u90fd\u6709\u9589\u9396\u671f\uff0c\u77ed\u52471~3\u500b\u6708\uff0c\u9577\u52471\u5e74\uff0c\u9589\u9396\u671f\u9593\u4e0d\u80fd\u8d16\u56de\uff0c\u907f\u514d\u6295\u8cc7\u4eba\u7684\u8d16\u56de\u6c7a\u7b56\u53bb\u5f71\u97ff\u6295\u8cc7\u7684\u6210\u679c<br \/>\n\u4f8b\u5982\u96fb\u5f71\u300a\u5927\u8ce3\u7a7a\u300b\u4e2d\uff0c\u7537\u4e3b\u89d2\u7684\u57fa\u91d1\u5c31\u6709\u8a2d\u5b9a\u9589\u9396\u671f\uff0c\u4f46\u5118\u7ba1\u5982\u6b64\u7576\u4ed6\u6c7a\u7b56\u770b\u6cd5\u8207\u5e02\u5834\u5927\u591a\u6578\u4eba\u4e0d\u540c\u6642\u4ecd\u53d7\u5230\u6295\u8cc7\u4eba\u5f88\u5927\u7684\u8cea\u7591<\/p>\n<p>3. \u4e0d\u540c\u907f\u96aa\u57fa\u91d1\u7b56\u7565\u4e0d\u540c\uff0c\u56e0\u6b64\u6ce2\u52d5\u6216\u8d70\u52e2\u90fd\u5dee\u5f88\u591a\uff0c\u4e86\u89e3\u8a72\u57fa\u91d1\u7684\u7b56\u7565\u985e\u578b\u7279\u6027\u5f88\u91cd\u8981<\/p>\n<p>4. \u907f\u96aa\u57fa\u91d1\u53ea\u662f\u8cc7\u7522\u914d\u7f6e\u7684\u5176\u4e2d\u4e00\u7a2e\u9078\u64c7\uff0c\u5982\u679c\u6709\u53ef\u80fd\uff0c\u6295\u8cc7\u4eba\u61c9\u8a72\u76e1\u91cf\u8b93\u81ea\u5df1\u7684\u8cc7\u7522\u914d\u7f6e\u591a\u6a23\u5316<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E9%81%BF%E9%9A%AA%E5%9F%BA%E9%87%91%E5%B0%8D%E6%B2%96%E5%9F%BA%E9%87%91%E8%A6%81%E6%80%8E%E9%BA%BC%E8%B2%B7%EF%BC%9F\"><\/span>\u907f\u96aa\u57fa\u91d1\/\u5c0d\u6c96\u57fa\u91d1\u8981\u600e\u9ebc\u8cb7\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u7531\u65bc\u907f\u96aa\u57fa\u91d1\u4e0d\u80fd\u516c\u958b\u5c0d\u4e0d\u7279\u5b9a\u5927\u773e\u505a\u92b7\u552e\uff0c\u6240\u4ee5\u5176\u5be6\u9019\u65b9\u9762\u8cc7\u8a0a\u4e26\u4e0d\u591a\u3002<\/p>\n<p>\u6709\u4e9b\u6295\u4fe1\u767c\u7684\u907f\u96aa\u57fa\u91d1\uff0c\u5728\u9280\u884c\u7dda\u4e0a\u53ef\u4ee5\u770b\u5230\uff0c\u53ef\u4ee5\u6d3d\u8a62\u539f\u767c\u884c\u6a5f\u69cb\uff0c\u5c0d\u65b9\u540c\u610f\u5f8c\u624d\u80fd\u7533\u8cfc\u3002\u81f3\u65bc\u5176\u4ed6\u975e\u6295\u4fe1\u7684\u8cc7\u7522\u7ba1\u7406\uff0c\u5c31\u6bd4\u8f03\u4e0d\u5bb9\u6613\u53d6\u5f97\u8cc7\u8a0a\uff0c\u57fa\u672c\u4e0a\u90fd\u662f\u807d\u5225\u4eba<strong>\u8f49\u4ecb<\/strong>\u63a8\u85a6\u3002<\/p>\n<p>\u53ea\u80fd\u8aaa\uff0c\u7b49\u4f60\u8cc7\u91d1\u5920\u591a\u61c9\u8a72\u5c31\u6703\u6709\u4eba\u627e\u4e0a\u4f60\uff0c\u5982\u679c\u6c92\u6709\u7684\u8a71\u90a3\u4ee3\u8868\u8cc7\u7522\u9084\u4e0d\u5920\u591a\u3002<\/p>\n<p>\u53e6\u5916\u901a\u5e38\u907f\u96aa\u57fa\u91d1\u4e5f\u6703\u5c0d\u6295\u8cc7\u7684\u8cc7\u91d1\u4f86\u6e90\u505a\u5be9\u67e5\u3002<\/p>\n<p>\u8981\u6ce8\u610f\u4e0d\u662f\u4f60\u60f3\u8cb7\u7684\u907f\u96aa\u57fa\u91d1\u5c31\u80fd\u8cb7\u7684\u5230\uff0c\u8a31\u591a\u57fa\u91d1\u6709\u8cc7\u91d1\u4e0a\u9650\uff0c\u9054\u5230\u4e0a\u9650\u5f8c\u5c31\u6703\u9589\u9396\u4e0d\u518d\u6536\u53d6\u65b0\u8cc7\u91d1\u3002<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E5%A6%82%E4%BD%95%E5%88%A4%E6%96%B7%E9%81%BF%E9%9A%AA%E5%9F%BA%E9%87%91%E6%8A%95%E8%B3%87%E7%9A%84%E5%AE%89%E5%85%A8%E6%80%A7%EF%BC%9F\"><\/span><strong>\u5982\u4f55\u5224\u65b7\u907f\u96aa\u57fa\u91d1\u6295\u8cc7\u7684\u5b89\u5168\u6027\uff1f<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u56e0\u70ba\u907f\u96aa\u57fa\u91d1\u6295\u5165\u91d1\u984d\u5927\uff0c\u9019\u908a\u6211\u89ba\u5f97\u7279\u5225\u8981\u63d0\u4e00\u4e0b\uff0c\u5982\u4f55\u907f\u514d\u9047\u5230\u4e00\u4e9b\u8a50\u9a19\u3002<\/p>\n<p>\u4e00\u822c\u5982\u679c\u662f\u570b\u5167\u6295\u4fe1\u767c\u884c\u7684\u907f\u96aa\u57fa\u91d1\uff0c\u9322\u90fd\u5728\u7b2c\u4e09\u65b9\u4fdd\u7ba1\u9280\u884c\uff0c<\/p>\n<p>\u57fa\u672c\u4e0a\u5b89\u5168\u6027\u6c92\u554f\u984c\uff0c\u53ea\u8981\u6ce8\u610f\u7b56\u7565\u554f\u984c\u5373\u53ef\u3002<\/p>\n<p>\u6bd4\u8f03\u6709\u7591\u554f\u7684\u662f\u6295\u8cc7\u516c\u53f8\uff0c\u5c31\u8981\u5c0f\u5fc3\u5b89\u5168\u6027\uff0c\u4ee5\u4e0b\u662f\u4e00\u4e9b\u5206\u8fa8\u65b9\u6cd5\uff1a<br \/>\n1. \u59d4\u4efb\u6703\u8a08\u548c\u6cd5\u5f8b\u662f\u5426\u662f\u59d4\u5916\uff0c\u5916\u90e8\u4eba\u58eb\uff1f\u901a\u5e38\u5ba2\u6236\u53ef\u4ee5\u81ea\u5df1\u627e\u6703\u8a08\u505a\u5354\u52a9\u67e5\u6838(\u9700\u81ea\u884c\u8ca0\u64d4\u8cbb\u7528)<br \/>\n2. \u6295\u8cc7\u7372\u5229\u7684\u5408\u7406\u6027\uff0c\u5982\u679c\u4e0d\u5408\u7406\u7684\u9ad8\u5831\u916c\u901a\u5e38\u6709\u554f\u984c<br \/>\n3. \u907f\u96aa\u57fa\u91d1\u4e0d\u6703\u4fdd\u8b49\u5831\u916c\uff0c\u4fdd\u8b49\u5831\u916c\u4e00\u5b9a\u662f\u5047\u7684\u6216\u6709\u98a8\u96aa\uff0c\u5c31\u9023\u50b5\u5238\u4e5f\u90fd\u6703\u6709\u6de8\u503c\u6ce2\u52d5<br \/>\n4. \u907f\u96aa\u57fa\u91d1\u901a\u5e38\u53ea\u6536\u5927\u8cc7\u91d1\u3001\u751a\u81f3\u4e0d\u6536\u81ea\u7136\u4eba\u7684\u9322\uff0c\u5c0f\u8cc7\u91d1\u4e5f\u6536\u7684\u57fa\u91d1\u8acb\u4fdd\u6301\u61f7\u7591<br \/>\n5. \u6bcf\u6708\u914d\u606f\u4e5f\u6709\u554f\u984c\uff0c\u5c24\u5176\u6bcf\u67081%\u4ee5\u4e0a\u4e00\u5b9a\u90fd\u6709\u554f\u984c<br \/>\n6. \u6aa2\u8996\u5c0d\u65b9\u5be6\u969b\u5c0d\u5e33\u55ae\u660e\u7d30\uff0c\u53ef\u4ee5\u770b\u51fa\u7372\u5229\u7684\u5408\u7406\u6027<br \/>\n7. \u8a50\u9a19\u90fd\u5f37\u8abf\u7372\u5229\uff0c\u6703\u4e00\u76f4\u8ddf\u4f60\u8aaa\u8cfa\u591a\u5c11\uff0c\u4f46\u6240\u6709\u597d\u7684\u57fa\u91d1\u90fd\u5f37\u8abf\u98a8\u96aa\u63a7\u5236<\/p>\n<p>\u5176\u5be6\u5206\u8fa8\u8a50\u9a19\u7684\u908f\u8f2f\u6216\u67e5\u6838\u4e26\u4e0d\u96e3\uff0c<br \/>\n\u95dc\u9375\u662f\u4f60\u4e0d\u80fd\u8ca1\u8ff7\u5fc3\u7ac5\u800c\u9078\u64c7\u6027\u5ffd\u7565\u98a8\u96aa\u3002<\/p>\n<p>\u8981\u8a18\u5f97\u8aa0\u4fe1\u6bd4\u7372\u5229\u91cd\u8981\uff0c<br \/>\n\u4e0d\u597d\u7684\u57fa\u91d1\u90fd\u6703\u4ee5\u9ad8\u7372\u5229\u5438\u5f15\u4eba\uff0c\u4f46\u8aa0\u4fe1\u624d\u662f\u9577\u671f\u6295\u8cc7\u7684\u91cd\u9ede<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E9%81%BF%E9%9A%AA%E5%9F%BA%E9%87%91%E5%B0%8D%E6%B2%96%E5%9F%BA%E9%87%91%E5%BF%AB%E9%80%9F%E7%B8%BD%E7%B5%90%EF%BC%9A\"><\/span>\u907f\u96aa\u57fa\u91d1\/\u5c0d\u6c96\u57fa\u91d1\u5feb\u901f\u7e3d\u7d50\uff1a<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>1. \u907f\u96aa\u57fa\u91d1(hedge funds)\u662f\u4e00\u7a2e\u5c0d\u6295\u8cc7\u64cd\u4f5c\u6c92\u6709\u56b4\u683c\u9650\u5236\u7684\u79c1\u52df\u57fa\u91d1<br \/>\n2. \u907f\u96aa\u57fa\u91d1\u4e3b\u8981\u8ffd\u6c42\u4f4e\u98a8\u96aa\u7684\u7d55\u5c0d\u5831\u916c<br \/>\n3. \u907f\u96aa\u57fa\u91d1\u8cbb\u7528\u901a\u5e38\u6bd4\u5171\u540c\u57fa\u91d1\u9ad8\uff0c\u6295\u8cc7\u9580\u6abb\u4e5f\u9ad8<br \/>\n4. \u907f\u96aa\u57fa\u91d1\u8f03\u5c11\u5c0d\u5916\u5ba3\u50b3\uff0c\u8a31\u591a\u4e5f\u8cb7\u4e0d\u5230\uff0c\u901a\u5e38\u9760\u8f49\u4ecb<br \/>\n5. \u6295\u8cc7\u6642\u8981\u5c0f\u5fc3\u8fa8\u8b58\u8207\u67e5\u6838\uff0c\u8caa\u6c42\u9ad8\u5831\u916c\u5f88\u5bb9\u6613\u662f\u9047\u4e0a\u8a50\u9a19<\/p>\n<p>\u9019\u7bc7\u4e3b\u8981\u662f\u5c0d\u907f\u96aa\u57fa\u91d1\u6709\u500b\u57fa\u790e\u7684\u8a8d\u8b58\uff0c<\/p>\n<p><strong>\u6700\u5f8c\u601d\u8003\u4e00\u500b\u554f\u984c\uff1a<\/strong><br \/>\n<strong>\u5982\u679c\u4eca\u5929\u771f\u7684\u6709\u9047\u5230\u907f\u96aa\u57fa\u91d1\uff0c\u6bcf\u4e00\u5bb6\u516c\u53f8\u4e00\u5b9a\u90fd\u6703\u8aaa\u81ea\u5df1\u5f88\u53b2\u5bb3\uff0c\u90a3\u61c9\u8a72\u5982\u4f55\u5206\u8fa8\u5224\u65b7\u5462\uff1f<\/strong><\/p>\n<p>\u4e0b\u4e00\u7bc7\u5e02\u5834\u5148\u751f\u6703\u5206\u4eab\u5728\u9047\u5230\u907f\u96aa\u57fa\u91d1\u6642\uff0c<br \/>\n\u9700\u8981\u6ce8\u610f\u54ea\u4e9b\u6771\u897f\u3001\u5982\u4f55\u505a\u51fa\u5224\u65b7\uff0c\u624d\u80fd\u907f\u958b\u4e0d\u597d\u7684\u57fa\u91d1\u3001\u8fa8\u8b58\u51fa\u512a\u8cea\u7684\u57fa\u91d1\u3002<br \/>\n\u5f85\u7e8c&#8230;<\/p>\n<p>\u4e0b\u4e00\u7bc7\uff1a<a href=/index.html"https:\/\/\/hedga-fund-qa-14\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u6295\u8cc7\u907f\u96aa\u57fa\u91d1\u5982\u4f55\u5224\u65b7\u597d\u58de\uff1f\u4e00\u4f4d\u907f\u96aa\u57fa\u91d1\u7d93\u7406\u4eba\u7684\u8a2a\u8ac714\u500b\u554f\u984cQA<\/a><\/p>\n\n<p>\u984d\u5916\u5206\u4eab\u5e7e\u7bc7\u6587\u7ae0\uff1a<\/p>\n<p>1.\u00a0<a href=/index.html"https:\/\/\/fund-cnyes-mrmarket\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u57fa\u91d1\u958b\u6236\u300b\u6700\u65b0\u624b\u7e8c\u8cbb\u512a\u60e0\u63a8\u85a6<\/a><\/p>\n<p>2.\u00a0<a href=/index.html"https:\/\/\/fund-cnyes-mrmarket\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u53f0\u80a1\u80a1\u7968\/ETF\u300b\u6700\u65b0\u958b\u6236\u5238\u5546\u512a\u60e0\u63a8\u85a6<\/a><\/p>\n<p>3.\u00a0<a href=/index.html"https:\/\/\/us-stocks-broker-choose\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u7f8e\u80a1\/\u5168\u7403ETF\u300b\u6700\u65b0\u958b\u6236\u5238\u5546\u6bd4\u8f03<\/a><\/p>\n<p>4.\u00a0<a href=/index.html"https:\/\/\/fund-stop-loss\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u6295\u8cc7\u57fa\u91d1\u8667\u640d\u4e86\u5982\u4f55\u5224\u65b7\u662f\u5426\u51fa\u5834\uff1f<\/a><\/p>\n<p>5.\u00a0<a href=/index.html"https:\/\/\/learn-fund-all\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u5b78\u7fd2\u57fa\u91d1\u5165\u9580\u65b0\u624b\u6559\u5b78\u61f6\u4eba\u5305<\/a><\/p>\n<p>6.\u00a0<a href=/index.html"https:\/\/\/credit-card-oversea\/\" target=\"_blank\" rel=\"noopener noreferrer\" 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