That made macro funds one of the most popular types of hedge fund.
这使得宏观对冲基金成为最受欢迎的对冲基金类型。
At those rates, the racier sort of hedge fund might still be prepared to gamble on Greece paying back its debts at face value, but mainstream funds are abandoning the bonds in their droves.
在这些利率下,活跃的对冲基金或许仍然准备赌一把希腊会按票面值还贷,但是主流的基金都在抛弃他们持有的这些债券。
In the past, these practices helped inflate their gains as well as hedge-fund managers' salaries and bonuses, but recently they helped bring about the failure of many major hedge funds.
过去,这些实践操作有助于增大自己的收益,以及增大对冲基金经理的工资和奖金。不过最近,他们却帮忙带来了对冲基金许多重大的失败。
By talking to prime brokers (the arms of Banks that serve hedge funds), the authorities have also been able to monitor the aggregate level of hedge-fund exposure, and thus systemic risk.
通过与首席经纪商(银行向对冲基金提供服务的人员)谈话,官方能够监督对冲基金的总体风险,即系统风险。
And, according to the survey, clients think funds of funds will continue to supply just over half of hedge-fund assets under management.
并且,根据调查,客户认为基金的资金将继续增长超过对冲基金目前资金的一半。
Hedge funds are not the panacea for every pension-fund deficit, nor are they the cause of every ill in the financial markets.
对冲基金并不是治愈所有养老金基金赤字的万灵药,也不是造成金融市场所有疾患的根本所在。
Products known as 130/30 funds (which can go 130% long and 30% short) offer some of the flexibility of a hedge fund—albeit with some of the fees, too.
被称为130/30基金(这类基金可以持有130%长头寸和30%空头寸)的产品能够提供一些对冲基金才具有的灵活性,当然这也要付出一定的费用。
Hedge fund administration is part of a burgeoning cottage industry that attempts to make funds more transparent to investors.
对冲基金行政管理服务是一个正在蓬勃发展的作坊式行业的组成部分,目的是增加基金对投资者的透明度。
In April, Permal Group, a fund of hedge funds, launched a tactical-allocation mutual fund.
4月,对冲基金公司佩莫尔集团发行策略性分配的共同基金。
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 is an old Wall Street story that can be adapted for the modern world of hedge funds. A young hedge-fund trainee is taken to the harbour.
一个流传于华尔街的老故事,用于今天的对冲基金领域恰如其分。
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(Hedge FundResearch)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%。
The result could be a cheap competitor for the hedge-fund titans, akin to the index-tracking funds that have eaten into the market shares of active fund managers.
最终将形成这些对冲基金巨头的廉价竞争者。 这类似于指数追踪基金(index-trackingfund)已经蚕食了指数基金(active fund)经理们所控制的市场份额。
In 2008 managed-futures funds (the class into which AHL falls) returned an average of 18.2% while the typical fund of hedge funds lost 19.8%, according to Eurekahedge, a data provider.
根据数据供应商eurekahedge, 2008年托管期货基金(AHL属于此等级)平均收益率为18.2%,而典型对冲基金则损失了19.8%。
Hedge fund Intelligence, a data provider, reckons the top 20 funds control a third of the industry's assets.
数据提供商hedge FundIntelligence计算出规模最大的20只基金控制了这个行业三分之一的资产。
"It's almost as if you're a car dealer and there was a devastating crash", says one executive at a fund of hedge funds. "now people for the first time want to know what's under the hood."
“好像你是一个汽车经销商,而这儿发生了一起灾难性的交通事故”,一位基金经理人说道,“现在人们第一次想要弄清楚幕后到底是如何运作的。”
New institutions, such as hedge funds and conduits—what Paul McCulley, of Pimco, a fund management group, has called “the shadow banking system”—are highly dependent on borrowed money, or leverage.
像冲基金和管道机构---Pimco资金管理集团的Paul McCulley将它们称为“影子银行系统”---这样的新兴机构严重地依赖借入资金(或曰杠杆)。
The University of Chicago’s hospital is trimming its budget by 7%. Citadel, Chicago’s biggest hedge fund, has suspended redemptions on its two biggest funds.
截至目前,芝加哥大学医学分院缩减了7%的预算,芝加哥最大的对冲基金Citadel已暂停旗下两大基金的赎回,同时,建筑工人也纷纷歇业,号称“世界上最重大的住宅开发项目”的芝加哥尖塔还只是地上的一个大洞。
Both high yields and illiquid assets are also attractive to hedge funds, which have become the rising powers of the fund-management industry.
高收益和非流动性资产也是对冲基金之所爱,后者正成为资金管理业的后起之秀。
So, huge amounts of institutional funds and individual funds are going into this hedge fund world.
大量机构基金和个人基金,都将进入对冲基金领域。
On August 15th Basis Capital, an Australian hedge- fund manager, said losses at one of its funds may top 80%.
8月15日澳大利亚的对冲基金BasisCapital经理说他损失最多的一支基金可能达80%。
“London’s position as a financial centre is now threatened,” says Robin Bowie of Dexion Capital, which runs a listed fund-of-hedge-funds group.
伦敦作为金融中心的地位现在正受到威胁,经营着一支上市的对冲基金团体的DexionCapital公司的RobinBowie说。
Mysterious hedge fund operations and the lack of supervision, which is causing financial hedge funds against one of the reasons for the market.
对冲基金运作神秘和缺乏监管,这正是造成对冲基金危害金融市场的原因之一。
THIS has been the worst year or so in history for the hedge-fund industry, with many funds suffering deep losses and record numbers of them going out of business.
现在或许是在对冲基金历史上最差的年景,许多基金遭受重大损失,歇业的对冲基金数量已经创了纪录。
Last week, further holes were pierced in the dam of non-convertibility. Pharo Management, a hedge fund manager, announced it will offer renminbi-denominated shares in its funds.
上周,不可自由兑换的大坝上又被凿出更多洞孔:对冲基金管理公司发逻资产管理(Pharo Management)宣布将发行旗下基金的人民币计价股票;
"London's position as a financial centre is now threatened," says Robin Bowie of Dexion Capital, which runs a listed fund-of-hedge-funds group.
伦敦作为金融中心的地位现在正受到威胁,经营着一支上市的对冲基金团体的DexionCapital公司的RobinBowie说。
"London's position as a financial centre is now threatened," says Robin Bowie of Dexion Capital, which runs a listed fund-of-hedge-funds group.
伦敦作为金融中心的地位现在正受到威胁,经营着一支上市的对冲基金团体的DexionCapital公司的RobinBowie说。
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