"Hedge funds used to be set up by two guys in a back alley with a flashlight," says one veteran.
一位资深人士表示:“对冲基金过去是由两个人拿着手电筒,在一个偏僻的小巷里建立起来的。”
Whatever exposure they had with the accumulator client they could hedge away with other derivatives, all but locking in a profit.
在他们与客户的赌约中,任何风险敞口都可以被其他衍生品对冲,这样一来利润便被锁定。
Still, Goldman was not alone in cooking up deals with hedge funds, or in creating toxic subprime securities.
然而,并非只有高盛一家公司在用对冲基金炮制交易或制造不良次级抵押贷款证券。
Japan, in a volatile neighbourhood, is trying to hedge its bets.Yet it is not fully secure in its relationship with either east or west.
日本正在一个局势不稳的环境中给自己的赌注保值,但是现在无论是和西方还是东方的关系都不能保证绝对安全。
However, he got through with the disquieted creature, deposited her, and returned. Tess could see over the hedge the distant three in a group, standing as he had placed them on the next rising ground.
不过,他还是把这个不安静的姑娘抱过了水塘,把她放在地上,转身走了,苔丝从树篱的顶上望过去,看见远处她们三个人挤在一起,站在他把她们放下的那块高地上,现在轮到她了。
Many regulators have decided they can keep in touch with hedge funds by monitoring the activities of the prime brokers that serve them.
许多金融专家决定监督服务于对冲基金的机构经纪的活动,借此来追踪对冲基金的信息。
With the enormous expansion in the number of institutional investors (those other than Banks, such as hedge funds), all that has changed.
随着机构投资者数量的大幅膨胀(银行之外的投资者,比如对冲基金),一切都变了。
In its most recent quarterly and year-end report, the hedge fund house reported that its net assets under management rose 47% last year, closing out the year with $22.18 billion.
在最近的季度报告和年终报告中,该对冲基金公司公布说,所管理的净资产去年增长了47%,年底总额为221.8亿美元。
Most of the new money allocated to hedge funds in the second quarter went to those with assets over $5 billion.
二季度,大部分新资金都流向了资产在50亿以上的对冲基金。
The first wave came back in 2005, according to Nadia Papagiannis of Morningstar, a research firm, when infatuation with hedge funds was near its peak.
据晨星调研公司Nadia Papagiannis称,首次回潮在2005年,当时热衷于对冲基金接近峰值。
“Hedge funds used to be set up by two guys in a back alley with a flashlight, ” says one veteran.
一名老手这么说:“过去,两个家伙在穷街陋巷里,拿个手电筒,就可以设立对冲基金。”
Japan, in a volatile neighbourhood, is trying to hedge its bets. Yet it is not fully secure in its relationship with either east or west.
日本正在一个局势不稳的环境中给自己的赌注保值,但是现在无论是和西方还是东方的关系都不能保证绝对安全。
The number of hedge funds focusing on mortgage debt ballooned along with the underlying market in 2005-06.
针对按揭贷款的对冲基金,自2005-06年以来在发行市场上的数目不断膨胀。
But conventional wisdom is that hedge funds need the tight control and secrecy of partnerships in order to cope with the turbulence of their industry.
但是传统的看法是为了应对目前行业的动荡,对冲基金都需要强力的内部控制和合作者的守口如瓶。
Hedge funds and venture-capital firms also make money in their different ways by getting fund managers to behave more like partners, with “skin in the game”, as the modish phrase puts it.
对冲基金公司和风险投资公司盈利方式各有不同,但相同的是都需要让基金经理的表现更像合伙人,,用时下流行的话说,就是让其切身利益与公司息息相关。
In “short-selling” VW he was siding with mostly foreign hedge funds and engaging in a form of trading that is grudgingly accepted in America and Britain, but is still frowned upon in Germany.
在卖空大众过程中他和大多数国外对冲基金站在了一起,参与了一场在英美能勉强接受、在德国遭人唾弃的交易。
Bankers say that only the few airlines with the highest credit ratings have been able to add to their hedge books in recent months to take advantage of lower oil prices.
银行家们表示最近几个月仅有几家信用等级最高的航空公司还可以继续进行套期保值,从油价低迷中获利。
Many hedge funds have already cut positions since the credit crunch started in the summer of 2007, and Banks have tightened the terms on which they will do business with them.
自从2007年夏季的信贷紧缩以来,许多对冲基金已经裁员,同时银行对于对冲基金的贷款条件也日益苛刻。
Over lunch in Davos, hedge-fund manager George Soros spun a tale of credit sufficiently dire to make several journalists choke on the veal steak with shallots.
在达沃斯午餐期间,对冲基金经历索罗斯道出了一个关于信贷足够可怕的故事,令几位记者被牛排的葱呛着。
Clients of his funds include wealthy individuals in the U.S. and Europe, along with funds of hedge funds, European banks and other seemingly savvy investors lured by Madoff's pedigree and charm.
其基金的客户包括欧美富豪,以及对冲基金,欧洲多家银行,和那些看似精明的投资者。 他们都被马显赫背景套住了。
So far this week, it has lost 15% to 20% of the balances in its prime-brokerage division — which works with hedge funds — according to a person familiar with the matter.
知情人士说,本周到目前为止,该公司针对对冲基金的机构经纪业务部门已经损失了15%至20%。
The value of female-managed funds dropped by 9.6% in the past year, compared with a plunge of 19% for the rest, according to Chicago-based Hedge Fund Research.
根据总部位于芝加哥的HFR公司(HedgeFundResearch)的数据,在过去一年,女性管理的基金净值下跌了9.6%,而其它的基金下跌了19%。
Another hedge fund, Pivot capital Management, argues that the chances of a hard landing, with a slump in capital spending and a banking crisis, are increasing.
另一家名为Pivot资本管理的对冲基金称,伴随着资本支出减少和银行危机的硬着陆的可能性越来越大。
Michael Platt, co-founder of hedge fund BlueCrest Capital Management, credits his grandmother with starting him in stock trading.
对冲基金蓝色羽冠资本管理公司(BlueCrest Capital Management)共同创始人迈克尔•普莱特认为,祖母是他能进入股票交易行业的领路人。
Dump your telly over a hedge and you can expect big trouble. Dump 10, 000 in Nigeria and you can expect to get away with it.
把你的电视扔到篱笆外你肯定会惹上大麻烦,而把1万台电视丢到尼日利亚你却能逃脱处罚。
Across the world there are more than 8,000 hedge-fund managers with over $1.1 trillion in assets under management.
在这个世界8000多对冲基金经理们正在管理着11000亿的资产。
The next shock could be the failure of a hedge fund with a big swap book, given the spike in redemptions and margin calls many funds face, thinks Pierre Pourquery of the Boston Consulting Group.
波士顿咨询集团的Pierre Pour query认为,考虑到基金面对上升的赎回率和保证金要求,下一波冲击的受害者可能来自持有大量掉期合约的对冲基金倒闭。
There was no prospect of a private consortium propping up New Jefferson, as had happened with Long Term Capital Management, a hedge fund, in 1998.
没有一家私人财团支持新杰斐逊的前景,同样的事也在1998年的对冲基金“长期资本管理公司”身上发生过。
There was no prospect of a private consortium propping up New Jefferson, as had happened with Long Term Capital Management, a hedge fund, in 1998.
没有一家私人财团支持新杰斐逊的前景,同样的事也在1998年的对冲基金“长期资本管理公司”身上发生过。
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