RodericK
2021-08-06
Nice
The Hedge Fund Comeback Looks Like the Real Deal<blockquote>对冲基金的卷土重来看起来像真正的交易</blockquote>
免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。
分享至
微信
复制链接
精彩评论
我们需要你的真知灼见来填补这片空白
打开APP，发表看法
APP内打开
发表看法
1
3
{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":893152329,"tweetId":"893152329","gmtCreate":1628249564361,"gmtModify":1631893359023,"author":{"id":3574931303509491,"idStr":"3574931303509491","authorId":3574931303509491,"authorIdStr":"3574931303509491","name":"RodericK","avatar":"https://static.tigerbbs.com/de1bc8d18e14c9a78fd5fa391a0823ce","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":7,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","extraTitle":"","html":"<html><head></head><body><p>Nice</p></body></html>","htmlText":"<html><head></head><body><p>Nice</p></body></html>","text":"Nice","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/893152329","repostId":1132237858,"repostType":4,"repost":{"id":"1132237858","kind":"news","pubTimestamp":1628249044,"share":"https://www.laohu8.com/m/news/1132237858?lang=zh_CN&edition=full","pubTime":"2021-08-06 19:24","market":"us","language":"en","title":"The Hedge Fund Comeback Looks Like the Real Deal<blockquote>对冲基金的卷土重来看起来像真正的交易</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1132237858","media":"zerohedge","summary":"Investors are once again allocating cash to the industry. Stock pickers need to stay on top of their","content":"<p> Investors are once again allocating cash to the industry. Stock pickers need to stay on top of their game to keep those flows coming in. Hedge funds are rediscovering the secret of alpha generation that made them masters of the financial universe in years past. The renaissance of the swashbuckling gang adds welcome color to an asset management industry that’s been threatening to fade to gray as passive index trackers charging little to no fees take over the investing world.</p><p><blockquote>投资者再次向该行业配置现金。选股者需要掌控自己的游戏，以保持这些资金流入。对冲基金正在重新发现阿尔法一代的秘密，正是这个秘密让他们在过去几年里成为了金融世界的主人。虚张声势团伙的复兴为资产管理行业增添了一抹可喜的色彩，随着收取很少甚至不收取任何费用的被动指数跟踪器接管了投资界，该行业正面临着逐渐消失的危险。</blockquote></p><p> Hedge funds are poised to post their best average returns since at least 2014. By mid-year, they were up 9.29%, a very favorable comparison with losses of more than 3% at the same point last year after the pandemic trashed stock markets in March of 2020. Not surprisingly, the stellar performers have been long-only equity funds, delivering more than 19% through June. That outstripped the 12% increase in the MSCI World Index of stocks, suggesting that for once they earned their fees.</p><p><blockquote>对冲基金准备公布至少自 2014 年以来最好的平均回报率。到年中，它们上涨了 9.29%，与 2020 年 3 月疫情重创股市后去年同期超过 3% 的跌幅相比，这是一个非常有利的对比。毫不奇怪，表现最出色的是纯多头股票基金，截至 6 月份的交易量超过 19%。这超过了 MSCI 世界股票指数 12% 的涨幅，表明他们这一次赚到了费用。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5fe64e25f1a8f1ccdc8967e5e5271136\" tg-width=\"645\" tg-height=\"377\" width=\"100%\" height=\"auto\">If equities continue to gain — and analysts at Goldman Sachs Group Inc. just raised their year-end forecast for the S&P 500 to 4,700, which would mean a gain of 7% from Wednesday’s closing level — the hedge fund industry is poised to deliver a double-digit performance in 2021.</p><p><blockquote>如果股市继续上涨--高盛集团（Goldman Sachs Group Inc. 对冲基金行业有望在 2021 年实现两位数的业绩。</blockquote></p><p> The three-year winning streak has persuaded investors to resume allocating cash to the asset class after three scarring years of withdrawals worth a total of $192 billion. The hedge fund crowd has attracted net new cash of $28.7 billion in the first half of the year, boosting total assets under management to more than $3.5 trillion, according to data compiled by research firmeVestment. The industry looks on track to at least recoup the $59 billion investors pulled in 2020.</p><p><blockquote>三年的连胜说服投资者在经历了三年总价值 1,920 亿美元的提款伤痕累累之后，恢复向该资产类别配置现金。根据研究公司Vestment汇编的数据，今年上半年，对冲基金人群吸引了287亿美元的净新现金，使管理资产总额超过3.5万亿美元。该行业有望至少收回投资者在 2020 年撤出的 590 亿美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/09834000ffa01b73c7cebc1b919860bd\" tg-width=\"653\" tg-height=\"408\" width=\"100%\" height=\"auto\">As ever, not every hedge fund is thriving.Alphadyne Asset Management’s $12 billion macro strategysaw its flagship fund decline 4.3% in June, extending its losses for the year through July to about 10%. Wrong-way bets on U.S. Treasuries, which have rallied in the past four months, cost it dearly, Bloomberg News reported on Tuesday.</p><p><blockquote>与以往一样，并非所有对冲基金都在蓬勃发展。Alphadyne Asset Management 的 120 亿美元宏观策略显示，其旗舰基金 6 月份下跌了 4.3%，截至 7 月份的全年亏损扩大至约 10%。据彭博新闻社周二报道，对美国国债的错误押注付出了沉重代价，美国国债在过去四个月中不断上涨。</blockquote></p><p> In the winners column, Man Group Plc is riding the recovery hard. Assets at the world’s biggest publicly traded hedge fund climbed to $135.3 billion at mid-year, up from $123.6 billion at the end of 2020. Its share price is up by 50% this year, a gain that’s at least twice as good as Europe’s biggest traditional asset management firms.</p><p><blockquote>在赢家一栏中，Man Group Plc 正在艰难地复苏。这家全球最大的公开交易对冲基金的资产在年中攀升至 1353 亿美元，高于 2020 年底的 1236 亿美元。今年，该公司的股价上涨了 50%，涨幅至少是欧洲最大的传统资产管理公司的两倍。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d5bc3e70b55b19f5ae5f52b197754ac2\" tg-width=\"643\" tg-height=\"397\" width=\"100%\" height=\"auto\">Performance fee revenue — the levies payable on funds after they clear individual return hurdles agreed in advance with investors — soared to $284 million in the first six months of the year, a tenfold increase from the year-earlier period.</p><p><blockquote>业绩费收入——基金在清除事先与投资者商定的个人回报障碍后应缴纳的税款——在今年前六个月飙升至 2.84 亿美元，比去年同期增长了十倍。</blockquote></p><p> And performance above and beyond the beta available from rising equity markets will be the key to whether the hedge fund industry can hang onto this newly regained trust of investors. Average gains of less than 10% still look lackluster compared with the 17% available from both the S&P 500 and the Euro Stoxx 600 indexes. To truly regain their swagger, traders will need to improve their stock picking expertise in the second half of the year, or risk seeing those flows turn negative once again.</p><p><blockquote>股市上涨带来的贝塔值之上的表现将是对冲基金行业能否保住新获得的投资者信任的关键。与标普500和欧洲斯托克 600 指数 17% 的平均涨幅相比，不到 10% 的平均涨幅仍然显得乏善可陈。为了真正恢复他们的气势，交易员需要在下半年提高他们的选股专业知识，否则这些流量将再次变为负数。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Hedge Fund Comeback Looks Like the Real Deal<blockquote>对冲基金的卷土重来看起来像真正的交易</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Hedge Fund Comeback Looks Like the Real Deal<blockquote>对冲基金的卷土重来看起来像真正的交易</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-08-06 19:24</span>\n</p>\n</h4>\n</header>\n<article>\n<p> Investors are once again allocating cash to the industry. Stock pickers need to stay on top of their game to keep those flows coming in. Hedge funds are rediscovering the secret of alpha generation that made them masters of the financial universe in years past. The renaissance of the swashbuckling gang adds welcome color to an asset management industry that’s been threatening to fade to gray as passive index trackers charging little to no fees take over the investing world.</p><p><blockquote>投资者再次向该行业配置现金。选股者需要掌控自己的游戏，以保持这些资金流入。对冲基金正在重新发现阿尔法一代的秘密，正是这个秘密让他们在过去几年里成为了金融世界的主人。虚张声势团伙的复兴为资产管理行业增添了一抹可喜的色彩，随着收取很少甚至不收取任何费用的被动指数跟踪器接管了投资界，该行业正面临着逐渐消失的危险。</blockquote></p><p> Hedge funds are poised to post their best average returns since at least 2014. By mid-year, they were up 9.29%, a very favorable comparison with losses of more than 3% at the same point last year after the pandemic trashed stock markets in March of 2020. Not surprisingly, the stellar performers have been long-only equity funds, delivering more than 19% through June. That outstripped the 12% increase in the MSCI World Index of stocks, suggesting that for once they earned their fees.</p><p><blockquote>对冲基金准备公布至少自 2014 年以来最好的平均回报率。到年中，它们上涨了 9.29%，与 2020 年 3 月疫情重创股市后去年同期超过 3% 的跌幅相比，这是一个非常有利的对比。毫不奇怪，表现最出色的是纯多头股票基金，截至 6 月份的交易量超过 19%。这超过了 MSCI 世界股票指数 12% 的涨幅，表明他们这一次赚到了费用。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5fe64e25f1a8f1ccdc8967e5e5271136\" tg-width=\"645\" tg-height=\"377\" width=\"100%\" height=\"auto\">If equities continue to gain — and analysts at Goldman Sachs Group Inc. just raised their year-end forecast for the S&P 500 to 4,700, which would mean a gain of 7% from Wednesday’s closing level — the hedge fund industry is poised to deliver a double-digit performance in 2021.</p><p><blockquote>如果股市继续上涨--高盛集团（Goldman Sachs Group Inc. 对冲基金行业有望在 2021 年实现两位数的业绩。</blockquote></p><p> The three-year winning streak has persuaded investors to resume allocating cash to the asset class after three scarring years of withdrawals worth a total of $192 billion. The hedge fund crowd has attracted net new cash of $28.7 billion in the first half of the year, boosting total assets under management to more than $3.5 trillion, according to data compiled by research firmeVestment. The industry looks on track to at least recoup the $59 billion investors pulled in 2020.</p><p><blockquote>三年的连胜说服投资者在经历了三年总价值 1,920 亿美元的提款伤痕累累之后，恢复向该资产类别配置现金。根据研究公司Vestment汇编的数据，今年上半年，对冲基金人群吸引了287亿美元的净新现金，使管理资产总额超过3.5万亿美元。该行业有望至少收回投资者在 2020 年撤出的 590 亿美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/09834000ffa01b73c7cebc1b919860bd\" tg-width=\"653\" tg-height=\"408\" width=\"100%\" height=\"auto\">As ever, not every hedge fund is thriving.Alphadyne Asset Management’s $12 billion macro strategysaw its flagship fund decline 4.3% in June, extending its losses for the year through July to about 10%. Wrong-way bets on U.S. Treasuries, which have rallied in the past four months, cost it dearly, Bloomberg News reported on Tuesday.</p><p><blockquote>与以往一样，并非所有对冲基金都在蓬勃发展。Alphadyne Asset Management 的 120 亿美元宏观策略显示，其旗舰基金 6 月份下跌了 4.3%，截至 7 月份的全年亏损扩大至约 10%。据彭博新闻社周二报道，对美国国债的错误押注付出了沉重代价，美国国债在过去四个月中不断上涨。</blockquote></p><p> In the winners column, Man Group Plc is riding the recovery hard. Assets at the world’s biggest publicly traded hedge fund climbed to $135.3 billion at mid-year, up from $123.6 billion at the end of 2020. Its share price is up by 50% this year, a gain that’s at least twice as good as Europe’s biggest traditional asset management firms.</p><p><blockquote>在赢家一栏中，Man Group Plc 正在艰难地复苏。这家全球最大的公开交易对冲基金的资产在年中攀升至 1353 亿美元，高于 2020 年底的 1236 亿美元。今年，该公司的股价上涨了 50%，涨幅至少是欧洲最大的传统资产管理公司的两倍。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d5bc3e70b55b19f5ae5f52b197754ac2\" tg-width=\"643\" tg-height=\"397\" width=\"100%\" height=\"auto\">Performance fee revenue — the levies payable on funds after they clear individual return hurdles agreed in advance with investors — soared to $284 million in the first six months of the year, a tenfold increase from the year-earlier period.</p><p><blockquote>业绩费收入——基金在清除事先与投资者商定的个人回报障碍后应缴纳的税款——在今年前六个月飙升至 2.84 亿美元，比去年同期增长了十倍。</blockquote></p><p> And performance above and beyond the beta available from rising equity markets will be the key to whether the hedge fund industry can hang onto this newly regained trust of investors. Average gains of less than 10% still look lackluster compared with the 17% available from both the S&P 500 and the Euro Stoxx 600 indexes. To truly regain their swagger, traders will need to improve their stock picking expertise in the second half of the year, or risk seeing those flows turn negative once again.</p><p><blockquote>股市上涨带来的贝塔值之上的表现将是对冲基金行业能否保住新获得的投资者信任的关键。与标普500和欧洲斯托克 600 指数 17% 的平均涨幅相比，不到 10% 的平均涨幅仍然显得乏善可陈。为了真正恢复他们的气势，交易员需要在下半年提高他们的选股专业知识，否则这些流量将再次变为负数。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.bloomberg.com/opinion/articles/2021-08-06/the-hedge-fund-comeback-looks-like-the-real-deal\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.bloomberg.com/opinion/articles/2021-08-06/the-hedge-fund-comeback-looks-like-the-real-deal","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132237858","content_text":"Investors are once again allocating cash to the industry. Stock pickers need to stay on top of their game to keep those flows coming in.\n\nHedge funds are rediscovering the secret of alpha generation that made them masters of the financial universe in years past. The renaissance of the swashbuckling gang adds welcome color to an asset management industry that’s been threatening to fade to gray as passive index trackers charging little to no fees take over the investing world.\nHedge funds are poised to post their best average returns since at least 2014. By mid-year, they were up 9.29%, a very favorable comparison with losses of more than 3% at the same point last year after the pandemic trashed stock markets in March of 2020. Not surprisingly, the stellar performers have been long-only equity funds, delivering more than 19% through June. That outstripped the 12% increase in the MSCI World Index of stocks, suggesting that for once they earned their fees.\nIf equities continue to gain — and analysts at Goldman Sachs Group Inc. just raised their year-end forecast for the S&P 500 to 4,700, which would mean a gain of 7% from Wednesday’s closing level — the hedge fund industry is poised to deliver a double-digit performance in 2021.\nThe three-year winning streak has persuaded investors to resume allocating cash to the asset class after three scarring years of withdrawals worth a total of $192 billion. The hedge fund crowd has attracted net new cash of $28.7 billion in the first half of the year, boosting total assets under management to more than $3.5 trillion, according to data compiled by research firmeVestment. The industry looks on track to at least recoup the $59 billion investors pulled in 2020.\nAs ever, not every hedge fund is thriving.Alphadyne Asset Management’s $12 billion macro strategysaw its flagship fund decline 4.3% in June, extending its losses for the year through July to about 10%. Wrong-way bets on U.S. Treasuries, which have rallied in the past four months, cost it dearly, Bloomberg News reported on Tuesday.\nIn the winners column, Man Group Plc is riding the recovery hard. Assets at the world’s biggest publicly traded hedge fund climbed to $135.3 billion at mid-year, up from $123.6 billion at the end of 2020. Its share price is up by 50% this year, a gain that’s at least twice as good as Europe’s biggest traditional asset management firms.\nPerformance fee revenue — the levies payable on funds after they clear individual return hurdles agreed in advance with investors — soared to $284 million in the first six months of the year, a tenfold increase from the year-earlier period.\nAnd performance above and beyond the beta available from rising equity markets will be the key to whether the hedge fund industry can hang onto this newly regained trust of investors. Average gains of less than 10% still look lackluster compared with the 17% available from both the S&P 500 and the Euro Stoxx 600 indexes. To truly regain their swagger, traders will need to improve their stock picking expertise in the second half of the year, or risk seeing those flows turn negative once again.","news_type":1,"symbols_score_info":{".IXIC":0.9,"SPY":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":3299,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/893152329"}
精彩评论