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小买怡情大买养家
2021-06-24
Good
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小买怡情大买养家
2021-06-24
Citadel [Miser]
World's Top 10 Hedge Fund Firms<blockquote>全球十大对冲基金公司</blockquote>
小买怡情大买养家
2021-06-22
Interesting!!
American investors are trying to buy a UK supermarket. Here's why<blockquote>美国投资者正试图收购一家英国超市。原因如下</blockquote>
小买怡情大买养家
2021-06-22
Nice
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小买怡情大买养家
2021-06-17
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[Miser] ","listText":"Citadel [Miser] ","text":"Citadel [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128511315","repostId":"1139439438","repostType":4,"repost":{"id":"1139439438","kind":"news","pubTimestamp":1624519904,"share":"https://www.laohunote.com/m/news/1139439438?lang=zh_CN&edition=full","pubTime":"2021-06-24 15:31","market":"us","language":"en","title":"World's Top 10 Hedge Fund Firms<blockquote>全球十大对冲基金公司</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139439438","media":"Investopedia","summary":"Hedge fundsare alternative investments that use a variety of methods such as leveragedderivatives, s","content":"<p>Hedge fundsare alternative investments that use a variety of methods such as leveragedderivatives, short-selling, and other speculative strategies to earn a return that outperforms the broader market. Hedge funds invest in domestic and international markets alike. They typically impose $1 million minimums and targethigh-net-worth individuals,pension funds, and institutional investors.</p><p><blockquote>对冲基金是另类投资，使用杠杆衍生品、卖空和其他投机策略等各种方法来获得优于大盘的回报。对冲基金投资于国内和国际市场。他们通常规定 100 万美元的最低限额，并针对高净值个人、养老基金和机构投资者。</blockquote></p><p> As a result, hedge funds invariably carry higher risk than traditional investments. They are not subject to the same regulations asmutual fundsand may not be required to file reports with theU.S. Securities and Exchange Commission(SEC).</p><p><blockquote>因此，对冲基金总是比传统投资承担更高的风险。它们不受与共同基金相同的法规约束，也可能不需要向美国提交报告。美国证券交易委员会（SEC）。</blockquote></p><p> The following 10 hedge fund firms dominate the space, based on totalassets under management(AUM) as of June 2021.</p><p><blockquote>根据截至2021年6月的管理资产总额（AUM），以下10家对冲基金公司在该领域占据主导地位。</blockquote></p><p> <b>The World’s Top 10 Hedge Fund Firms</b><b>Blackrock Advisors</b></p><p><blockquote><b>全球十大对冲基金公司</b><b>贝莱德顾问</b></blockquote></p><p> <b>Blackrock Advisors</b></p><p><blockquote><b>贝莱德顾问</b></blockquote></p><p> BlackRock (BLK) is a New York-based investment manager that manages trillions in assets. The largest BlackRock entity, BlackRock Fund Advisors, has been in operation since 1984 and oversees $1.9 trillion in assets.</p><p><blockquote>贝莱德 (BLK) 是一家总部位于纽约的投资管理公司，管理着数万亿美元的资产。贝莱德最大的实体贝莱德基金顾问公司自1984年开始运营，管理着1.9万亿美元的资产。</blockquote></p><p> BlackRock Financial Management was founded in 1994 and oversees $2.25 trillion. BlackRock Advisors, its internal hedge fund, started in 1994 and now handles $789.57 billion.</p><p><blockquote>贝莱德金融管理公司成立于1994年，管理着2.25万亿美元的资产。其内部对冲基金贝莱德顾问公司成立于 1994 年，目前管理着 7,895.7 亿美元。</blockquote></p><p> <b>AQR Capital Management</b></p><p><blockquote><b>AQR资本管理</b></blockquote></p><p> AQR Capital Management is based in Greenwich, Conn., and usesquantitative analysisto develop financial models focused on value and momentum investing. ACR implements its strategies via mutual funds, a type of mutual offered in Europe known asUndertakings for Collective Investment in Transferable Securities, and sponsored funds and managed accounts.</p><p><blockquote>AQR Capital Management总部位于康涅狄格州格林威治，使用定量分析开发专注于价值和动量投资的金融模型。ACR 通过共同基金（一种在欧洲提供的共同基金，称为可转让证券集体投资企业）以及发起基金和管理账户来实施其战略。</blockquote></p><p> As of March 31, 2020, AQR had $164billion under management. It also earned advisory feeds on another $224.8 billion in assets.</p><p><blockquote>截至2020年3月31日，AQR管理着1640亿美元。它还获得了另外2248亿美元资产的咨询反馈。</blockquote></p><p> Cliff Asness founded the company along with partners John Liew, Robert Krail, and David Kabiller. The four had worked together on a hedge fund at Goldman Sachs. AQR launched its Absolute Return fund in August 1998, the same monthLong Term Capital Managementimploded.</p><p><blockquote>Cliff Asness 与合伙人 John Liew、Robert Krail 和 David Kabiller 一起创立了该公司。四人曾在高盛的一家对冲基金合作。AQR 于 1998 年 8 月推出了绝对回报基金，同月长期资本管理公司成立。</blockquote></p><p> <b>Bridgewater Associates</b></p><p><blockquote><b>桥水联合公司</b></blockquote></p><p> Bridgewater Associates is based in Westport, Conn., and provides services to pension funds, foreign governments, central banks,university endowments, charitable foundations, and other institutional investors.6Co-chair and co-chief investment officer Ray Dalio founded the firm in 1975 from his two-bedroom New York apartment.</p><p><blockquote>Bridgewater Associates 总部位于康涅狄格州韦斯特波特，为养老基金、外国政府、中央银行、大学捐赠基金、慈善基金会和其他机构投资者提供服务。6联席主席兼联席首席投资官雷·达里奥 (Ray Dalio) 于 1975 年在纽约的两居室公寓里创立了该公司。</blockquote></p><p> The company offers four main funds:</p><p><blockquote>该公司提供四种主要基金：</blockquote></p><p> <ol> <li>Pure Alpha, which focuses on active investment strategy</li> <li>Pure Alpha Major Markets, which targets a subset of opportunities that the Pure Alpha fund invests in</li> <li>All Weather, which uses an asset allocation strategy</li> <li>Optimal Portfolio, which combines aspects of the All Weather fund with active management</li> </ol> As of March 27, 2021, the fund had $154 billion under management.</p><p><blockquote><ol><li>纯阿尔法，专注于主动投资策略</li><li>Pure Alpha 主要市场，针对 Pure Alpha 基金投资的机会子集</li><li>使用资产配置策略的全天候</li><li>最佳投资组合，将全天候基金的各个方面与主动管理相结合</li></ol>截至2021年3月27日，该基金管理着1540亿美元。</blockquote></p><p> <b>Renaissance Technologies</b></p><p><blockquote><b>文艺复兴技术</b></blockquote></p><p> Renaissance Technologies is a New York-based quantitative hedge fund that uses mathematical and statistical methods to uncover technical indicators that drive its automated trading strategies. Renaissance applies these strategies to U.S. and international equities, debt instruments,futures contracts,forward contractsandforeign exchange.</p><p><blockquote>Renaissance Technologies 是一家总部位于纽约的量化对冲基金，使用数学和统计方法来发现驱动其自动化交易策略的技术指标。Renaissance 将这些策略应用于美国和国际股票、债务工具、期货合约、远期合约和外汇。</blockquote></p><p> As of June 3, 2021, the fund had $130 billion under management.</p><p><blockquote>截至2021年6月3日，该基金管理着1300亿美元。</blockquote></p><p> Mathematician Jim Simons founded Renaissance Technologies in 1982.<i>Forbes</i>lists Simons as the 68th wealthiest person in the world as of Jan. 13, 2021, worth $23.5 billion. Mathematician Peter Brown is the current chief executive.</p><p><blockquote>数学家吉姆·西蒙斯于1982年创立了文艺复兴技术公司。<i>福布斯</i>截至2021年1月13日，西蒙斯是全球第68位最富有的人，价值235亿美元。数学家彼得·布朗是现任首席执行官。</blockquote></p><p> <b>Man Group</b></p><p><blockquote><b>人组</b></blockquote></p><p> This British hedge fund has more than 230 years of trading experience. It started in 1784 as an exclusive supplier of rum to the Royal Navy, later getting into the sugar, coffee and cocoa trading business.</p><p><blockquote>这家英国对冲基金拥有超过230年的交易经验。它始于1784年，是皇家海军朗姆酒的独家供应商，后来进入糖、咖啡和可可贸易业务。</blockquote></p><p> As of December 31, 2020, Man Group had $123.6 billion in assets under management. </p><p><blockquote>截至2020年12月31日，Man集团管理的资产为1236亿美元。</blockquote></p><p> <b>Elliott Management</b></p><p><blockquote><b>埃利奥特管理公司</b></blockquote></p><p> Elliot Management describes its investment mandate as \"extremely broad\" and encompassing of almost every asset type:distressed securities, equities, hedging andarbitragepositions, commodities, real estate-related securities, etc. In August 2019, Elliot acquired book retailer Barnes & Noble. It had earlier acquired British bookseller Waterstones. The company is based in New York and was founded by Paul Singer in 1977.</p><p><blockquote>Elliot Management 将其投资授权描述为 “极其广泛”，几乎涵盖所有资产类型：不良证券、股票、对冲和套利头寸、大宗商品、房地产相关证券等。2019 年 8 月，Elliot 收购了图书零售商 Barnes&Noble。此前，它收购了英国书商 Waterstones。该公司总部位于纽约，由 Paul Singer 于 1977 年创立。</blockquote></p><p> As of December 31, 2019, Elliot had $73.5 billion in assets under management and $40 billion of net assets under management on a discretionary basis.</p><p><blockquote>截至2019年12月31日，Elliot管理的资产为735亿美元，在可自由支配的基础上管理的净资产为400亿美元。</blockquote></p><p> <b>Two Sigma Investments</b></p><p><blockquote><b>两西格玛投资</b></blockquote></p><p> Two Sigma Investments is based in New York and was founded by John Overdeck and David Siegel in April 2002. The company uses quantitative analysis to build mathematical strategies that rely on historical price patterns and other data.</p><p><blockquote>Two Sigma Investments总部位于纽约，由John Overdeck和David Siegel于2002年4月创立。该公司使用定量分析来建立依赖于历史价格模式和其他数据的数学策略。</blockquote></p><p> As of March 31, 2021, Two Sigma Investments had $68.9 billion under management.</p><p><blockquote>截至2021年3月31日，Two Sigma Investments管理着689亿美元。</blockquote></p><p> <b>Millennium Management</b></p><p><blockquote><b>千禧管理</b></blockquote></p><p></p><p> Millennium Management is based in New York and was founded in 1989. The company offers discretionary advisory services to private funds.</p><p><blockquote>千禧管理总部位于纽约，成立于1989年。该公司为私人基金提供全权委托咨询服务。</blockquote></p><p> As of December 31, 2019, Millennium had $42 billion under management.</p><p><blockquote>截至2019年12月31日，千禧管理着420亿美元。</blockquote></p><p> The company is lead by Chair Israel Englander, who founded Millennium with $35 million in capital following a career as a floor broker, trader, and options specialist on theAmerican Stock Exchange.</p><p><blockquote>该公司由董事长 Israel Englander 领导，他在美国证券交易所担任场内经纪人、交易员和期权专家后，以 3500 万美元的资本创立了 Millennium。</blockquote></p><p> <b>Davidson Kempner Capital Management</b></p><p><blockquote><b>戴维森肯普纳资本管理公司</b></blockquote></p><p> Davidson Kempner Capital Management is based in New York and has affiliate offices in London, Hong Kong and Dublin. The company began managing capital for investors in 1987. It focuses onbankruptcies, convertible arbitrage, merger arbitrage, distressed investments, event-driven equities andrestructuringsituations.</p><p><blockquote>Davidson Kempner Capital Management 总部位于纽约，在伦敦、香港和都柏林设有附属办事处。该公司于1987年开始为投资者管理资本。它专注于破产、可转换套利、合并套利、不良投资、事件驱动的股票和重组情况。</blockquote></p><p> As of January 31, 2021, Davidson Kempner had $34.8 billion under management and its net assets under management were $33.1 billion.</p><p><blockquote>截至2021年1月31日，Davidson Kempner管理着348亿美元，其管理的净资产为331亿美元。</blockquote></p><p> <b>Citadel Advisors</b></p><p><blockquote><b>城堡顾问</b></blockquote></p><p> Citadel Advisors is based in Chicago and focuses on equities, fixed income and macro, commodities, credit and quantitative strategies.</p><p><blockquote>Citadel Advisors 总部位于芝加哥，专注于股票、固定收益和宏观、商品、信贷和量化策略。</blockquote></p><p> As of March 31, 2021, Citadel had $33.1 billion in assets under management.</p><p><blockquote>截至2021年3月31日，Citadel管理着331亿美元的资产。</blockquote></p><p> In 1987, founder Kenneth Griffin began trading from his dorm room as a 19-year-old sophomore at Harvard University. He founded Citadel in 1990.</p><p><blockquote>1987 年，创始人肯尼斯·格里芬 (Kenneth Griffin) 在哈佛大学 19 岁的大二学生时，开始在宿舍里进行交易。他于1990年创立了Citadel。</blockquote></p><p></p>","source":"lsy1606203311635","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>World's Top 10 Hedge Fund Firms<blockquote>全球十大对冲基金公司</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\">\nWorld's Top 10 Hedge Fund Firms<blockquote>全球十大对冲基金公司</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Investopedia</strong><span class=\"h-time small\">2021-06-24 15:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Hedge fundsare alternative investments that use a variety of methods such as leveragedderivatives, short-selling, and other speculative strategies to earn a return that outperforms the broader market. Hedge funds invest in domestic and international markets alike. They typically impose $1 million minimums and targethigh-net-worth individuals,pension funds, and institutional investors.</p><p><blockquote>对冲基金是另类投资，使用杠杆衍生品、卖空和其他投机策略等各种方法来获得优于大盘的回报。对冲基金投资于国内和国际市场。他们通常规定 100 万美元的最低限额，并针对高净值个人、养老基金和机构投资者。</blockquote></p><p> As a result, hedge funds invariably carry higher risk than traditional investments. They are not subject to the same regulations asmutual fundsand may not be required to file reports with theU.S. Securities and Exchange Commission(SEC).</p><p><blockquote>因此，对冲基金总是比传统投资承担更高的风险。它们不受与共同基金相同的法规约束，也可能不需要向美国提交报告。美国证券交易委员会（SEC）。</blockquote></p><p> The following 10 hedge fund firms dominate the space, based on totalassets under management(AUM) as of June 2021.</p><p><blockquote>根据截至2021年6月的管理资产总额（AUM），以下10家对冲基金公司在该领域占据主导地位。</blockquote></p><p> <b>The World’s Top 10 Hedge Fund Firms</b><b>Blackrock Advisors</b></p><p><blockquote><b>全球十大对冲基金公司</b><b>贝莱德顾问</b></blockquote></p><p> <b>Blackrock Advisors</b></p><p><blockquote><b>贝莱德顾问</b></blockquote></p><p> BlackRock (BLK) is a New York-based investment manager that manages trillions in assets. The largest BlackRock entity, BlackRock Fund Advisors, has been in operation since 1984 and oversees $1.9 trillion in assets.</p><p><blockquote>贝莱德 (BLK) 是一家总部位于纽约的投资管理公司，管理着数万亿美元的资产。贝莱德最大的实体贝莱德基金顾问公司自1984年开始运营，管理着1.9万亿美元的资产。</blockquote></p><p> BlackRock Financial Management was founded in 1994 and oversees $2.25 trillion. BlackRock Advisors, its internal hedge fund, started in 1994 and now handles $789.57 billion.</p><p><blockquote>贝莱德金融管理公司成立于1994年，管理着2.25万亿美元的资产。其内部对冲基金贝莱德顾问公司成立于 1994 年，目前管理着 7,895.7 亿美元。</blockquote></p><p> <b>AQR Capital Management</b></p><p><blockquote><b>AQR资本管理</b></blockquote></p><p> AQR Capital Management is based in Greenwich, Conn., and usesquantitative analysisto develop financial models focused on value and momentum investing. ACR implements its strategies via mutual funds, a type of mutual offered in Europe known asUndertakings for Collective Investment in Transferable Securities, and sponsored funds and managed accounts.</p><p><blockquote>AQR Capital Management总部位于康涅狄格州格林威治，使用定量分析开发专注于价值和动量投资的金融模型。ACR 通过共同基金（一种在欧洲提供的共同基金，称为可转让证券集体投资企业）以及发起基金和管理账户来实施其战略。</blockquote></p><p> As of March 31, 2020, AQR had $164billion under management. It also earned advisory feeds on another $224.8 billion in assets.</p><p><blockquote>截至2020年3月31日，AQR管理着1640亿美元。它还获得了另外2248亿美元资产的咨询反馈。</blockquote></p><p> Cliff Asness founded the company along with partners John Liew, Robert Krail, and David Kabiller. The four had worked together on a hedge fund at Goldman Sachs. AQR launched its Absolute Return fund in August 1998, the same monthLong Term Capital Managementimploded.</p><p><blockquote>Cliff Asness 与合伙人 John Liew、Robert Krail 和 David Kabiller 一起创立了该公司。四人曾在高盛的一家对冲基金合作。AQR 于 1998 年 8 月推出了绝对回报基金，同月长期资本管理公司成立。</blockquote></p><p> <b>Bridgewater Associates</b></p><p><blockquote><b>桥水联合公司</b></blockquote></p><p> Bridgewater Associates is based in Westport, Conn., and provides services to pension funds, foreign governments, central banks,university endowments, charitable foundations, and other institutional investors.6Co-chair and co-chief investment officer Ray Dalio founded the firm in 1975 from his two-bedroom New York apartment.</p><p><blockquote>Bridgewater Associates 总部位于康涅狄格州韦斯特波特，为养老基金、外国政府、中央银行、大学捐赠基金、慈善基金会和其他机构投资者提供服务。6联席主席兼联席首席投资官雷·达里奥 (Ray Dalio) 于 1975 年在纽约的两居室公寓里创立了该公司。</blockquote></p><p> The company offers four main funds:</p><p><blockquote>该公司提供四种主要基金：</blockquote></p><p> <ol> <li>Pure Alpha, which focuses on active investment strategy</li> <li>Pure Alpha Major Markets, which targets a subset of opportunities that the Pure Alpha fund invests in</li> <li>All Weather, which uses an asset allocation strategy</li> <li>Optimal Portfolio, which combines aspects of the All Weather fund with active management</li> </ol> As of March 27, 2021, the fund had $154 billion under management.</p><p><blockquote><ol><li>纯阿尔法，专注于主动投资策略</li><li>Pure Alpha 主要市场，针对 Pure Alpha 基金投资的机会子集</li><li>使用资产配置策略的全天候</li><li>最佳投资组合，将全天候基金的各个方面与主动管理相结合</li></ol>截至2021年3月27日，该基金管理着1540亿美元。</blockquote></p><p> <b>Renaissance Technologies</b></p><p><blockquote><b>文艺复兴技术</b></blockquote></p><p> Renaissance Technologies is a New York-based quantitative hedge fund that uses mathematical and statistical methods to uncover technical indicators that drive its automated trading strategies. Renaissance applies these strategies to U.S. and international equities, debt instruments,futures contracts,forward contractsandforeign exchange.</p><p><blockquote>Renaissance Technologies 是一家总部位于纽约的量化对冲基金，使用数学和统计方法来发现驱动其自动化交易策略的技术指标。Renaissance 将这些策略应用于美国和国际股票、债务工具、期货合约、远期合约和外汇。</blockquote></p><p> As of June 3, 2021, the fund had $130 billion under management.</p><p><blockquote>截至2021年6月3日，该基金管理着1300亿美元。</blockquote></p><p> Mathematician Jim Simons founded Renaissance Technologies in 1982.<i>Forbes</i>lists Simons as the 68th wealthiest person in the world as of Jan. 13, 2021, worth $23.5 billion. Mathematician Peter Brown is the current chief executive.</p><p><blockquote>数学家吉姆·西蒙斯于1982年创立了文艺复兴技术公司。<i>福布斯</i>截至2021年1月13日，西蒙斯是全球第68位最富有的人，价值235亿美元。数学家彼得·布朗是现任首席执行官。</blockquote></p><p> <b>Man Group</b></p><p><blockquote><b>人组</b></blockquote></p><p> This British hedge fund has more than 230 years of trading experience. It started in 1784 as an exclusive supplier of rum to the Royal Navy, later getting into the sugar, coffee and cocoa trading business.</p><p><blockquote>这家英国对冲基金拥有超过230年的交易经验。它始于1784年，是皇家海军朗姆酒的独家供应商，后来进入糖、咖啡和可可贸易业务。</blockquote></p><p> As of December 31, 2020, Man Group had $123.6 billion in assets under management. </p><p><blockquote>截至2020年12月31日，Man集团管理的资产为1236亿美元。</blockquote></p><p> <b>Elliott Management</b></p><p><blockquote><b>埃利奥特管理公司</b></blockquote></p><p> Elliot Management describes its investment mandate as \"extremely broad\" and encompassing of almost every asset type:distressed securities, equities, hedging andarbitragepositions, commodities, real estate-related securities, etc. In August 2019, Elliot acquired book retailer Barnes & Noble. It had earlier acquired British bookseller Waterstones. The company is based in New York and was founded by Paul Singer in 1977.</p><p><blockquote>Elliot Management 将其投资授权描述为 “极其广泛”，几乎涵盖所有资产类型：不良证券、股票、对冲和套利头寸、大宗商品、房地产相关证券等。2019 年 8 月，Elliot 收购了图书零售商 Barnes&Noble。此前，它收购了英国书商 Waterstones。该公司总部位于纽约，由 Paul Singer 于 1977 年创立。</blockquote></p><p> As of December 31, 2019, Elliot had $73.5 billion in assets under management and $40 billion of net assets under management on a discretionary basis.</p><p><blockquote>截至2019年12月31日，Elliot管理的资产为735亿美元，在可自由支配的基础上管理的净资产为400亿美元。</blockquote></p><p> <b>Two Sigma Investments</b></p><p><blockquote><b>两西格玛投资</b></blockquote></p><p> Two Sigma Investments is based in New York and was founded by John Overdeck and David Siegel in April 2002. The company uses quantitative analysis to build mathematical strategies that rely on historical price patterns and other data.</p><p><blockquote>Two Sigma Investments总部位于纽约，由John Overdeck和David Siegel于2002年4月创立。该公司使用定量分析来建立依赖于历史价格模式和其他数据的数学策略。</blockquote></p><p> As of March 31, 2021, Two Sigma Investments had $68.9 billion under management.</p><p><blockquote>截至2021年3月31日，Two Sigma Investments管理着689亿美元。</blockquote></p><p> <b>Millennium Management</b></p><p><blockquote><b>千禧管理</b></blockquote></p><p></p><p> Millennium Management is based in New York and was founded in 1989. The company offers discretionary advisory services to private funds.</p><p><blockquote>千禧管理总部位于纽约，成立于1989年。该公司为私人基金提供全权委托咨询服务。</blockquote></p><p> As of December 31, 2019, Millennium had $42 billion under management.</p><p><blockquote>截至2019年12月31日，千禧管理着420亿美元。</blockquote></p><p> The company is lead by Chair Israel Englander, who founded Millennium with $35 million in capital following a career as a floor broker, trader, and options specialist on theAmerican Stock Exchange.</p><p><blockquote>该公司由董事长 Israel Englander 领导，他在美国证券交易所担任场内经纪人、交易员和期权专家后，以 3500 万美元的资本创立了 Millennium。</blockquote></p><p> <b>Davidson Kempner Capital Management</b></p><p><blockquote><b>戴维森肯普纳资本管理公司</b></blockquote></p><p> Davidson Kempner Capital Management is based in New York and has affiliate offices in London, Hong Kong and Dublin. The company began managing capital for investors in 1987. It focuses onbankruptcies, convertible arbitrage, merger arbitrage, distressed investments, event-driven equities andrestructuringsituations.</p><p><blockquote>Davidson Kempner Capital Management 总部位于纽约，在伦敦、香港和都柏林设有附属办事处。该公司于1987年开始为投资者管理资本。它专注于破产、可转换套利、合并套利、不良投资、事件驱动的股票和重组情况。</blockquote></p><p> As of January 31, 2021, Davidson Kempner had $34.8 billion under management and its net assets under management were $33.1 billion.</p><p><blockquote>截至2021年1月31日，Davidson Kempner管理着348亿美元，其管理的净资产为331亿美元。</blockquote></p><p> <b>Citadel Advisors</b></p><p><blockquote><b>城堡顾问</b></blockquote></p><p> Citadel Advisors is based in Chicago and focuses on equities, fixed income and macro, commodities, credit and quantitative strategies.</p><p><blockquote>Citadel Advisors 总部位于芝加哥，专注于股票、固定收益和宏观、商品、信贷和量化策略。</blockquote></p><p> As of March 31, 2021, Citadel had $33.1 billion in assets under management.</p><p><blockquote>截至2021年3月31日，Citadel管理着331亿美元的资产。</blockquote></p><p> In 1987, founder Kenneth Griffin began trading from his dorm room as a 19-year-old sophomore at Harvard University. He founded Citadel in 1990.</p><p><blockquote>1987 年，创始人肯尼斯·格里芬 (Kenneth Griffin) 在哈佛大学 19 岁的大二学生时，开始在宿舍里进行交易。他于1990年创立了Citadel。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.investopedia.com/articles/personal-finance/011515/worlds-top-10-hedge-fund-firms.asp?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral\">Investopedia</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":{},"source_url":"https://www.investopedia.com/articles/personal-finance/011515/worlds-top-10-hedge-fund-firms.asp?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139439438","content_text":"Hedge fundsare alternative investments that use a variety of methods such as leveragedderivatives, short-selling, and other speculative strategies to earn a return that outperforms the broader market. Hedge funds invest in domestic and international markets alike. They typically impose $1 million minimums and targethigh-net-worth individuals,pension funds, and institutional investors.\nAs a result, hedge funds invariably carry higher risk than traditional investments. They are not subject to the same regulations asmutual fundsand may not be required to file reports with theU.S. Securities and Exchange Commission(SEC).\nThe following 10 hedge fund firms dominate the space, based on totalassets under management(AUM) as of June 2021.\nThe World’s Top 10 Hedge Fund FirmsBlackrock Advisors\nBlackrock Advisors\nBlackRock (BLK) is a New York-based investment manager that manages trillions in assets. The largest BlackRock entity, BlackRock Fund Advisors, has been in operation since 1984 and oversees $1.9 trillion in assets.\nBlackRock Financial Management was founded in 1994 and oversees $2.25 trillion. BlackRock Advisors, its internal hedge fund, started in 1994 and now handles $789.57 billion.\nAQR Capital Management\nAQR Capital Management is based in Greenwich, Conn., and usesquantitative analysisto develop financial models focused on value and momentum investing. ACR implements its strategies via mutual funds, a type of mutual offered in Europe known asUndertakings for Collective Investment in Transferable Securities, and sponsored funds and managed accounts.\nAs of March 31, 2020, AQR had $164billion under management. It also earned advisory feeds on another $224.8 billion in assets.\nCliff Asness founded the company along with partners John Liew, Robert Krail, and David Kabiller. The four had worked together on a hedge fund at Goldman Sachs. AQR launched its Absolute Return fund in August 1998, the same monthLong Term Capital Managementimploded.\nBridgewater Associates\nBridgewater Associates is based in Westport, Conn., and provides services to pension funds, foreign governments, central banks,university endowments, charitable foundations, and other institutional investors.6Co-chair and co-chief investment officer Ray Dalio founded the firm in 1975 from his two-bedroom New York apartment.\nThe company offers four main funds:\n\nPure Alpha, which focuses on active investment strategy\nPure Alpha Major Markets, which targets a subset of opportunities that the Pure Alpha fund invests in\nAll Weather, which uses an asset allocation strategy\nOptimal Portfolio, which combines aspects of the All Weather fund with active management\n\nAs of March 27, 2021, the fund had $154 billion under management.\nRenaissance Technologies\nRenaissance Technologies is a New York-based quantitative hedge fund that uses mathematical and statistical methods to uncover technical indicators that drive its automated trading strategies. Renaissance applies these strategies to U.S. and international equities, debt instruments,futures contracts,forward contractsandforeign exchange.\nAs of June 3, 2021, the fund had $130 billion under management.\nMathematician Jim Simons founded Renaissance Technologies in 1982.Forbeslists Simons as the 68th wealthiest person in the world as of Jan. 13, 2021, worth $23.5 billion. Mathematician Peter Brown is the current chief executive.\nMan Group\nThis British hedge fund has more than 230 years of trading experience. It started in 1784 as an exclusive supplier of rum to the Royal Navy, later getting into the sugar, coffee and cocoa trading business.\nAs of December 31, 2020, Man Group had $123.6 billion in assets under management. \nElliott Management\nElliot Management describes its investment mandate as \"extremely broad\" and encompassing of almost every asset type:distressed securities, equities, hedging andarbitragepositions, commodities, real estate-related securities, etc. In August 2019, Elliot acquired book retailer Barnes & Noble. It had earlier acquired British bookseller Waterstones. The company is based in New York and was founded by Paul Singer in 1977.\nAs of December 31, 2019, Elliot had $73.5 billion in assets under management and $40 billion of net assets under management on a discretionary basis.\nTwo Sigma Investments\nTwo Sigma Investments is based in New York and was founded by John Overdeck and David Siegel in April 2002. The company uses quantitative analysis to build mathematical strategies that rely on historical price patterns and other data.\nAs of March 31, 2021, Two Sigma Investments had $68.9 billion under management.\nMillennium Management\nMillennium Management is based in New York and was founded in 1989. The company offers discretionary advisory services to private funds.\nAs of December 31, 2019, Millennium had $42 billion under management.\nThe company is lead by Chair Israel Englander, who founded Millennium with $35 million in capital following a career as a floor broker, trader, and options specialist on theAmerican Stock Exchange.\nDavidson Kempner Capital Management\nDavidson Kempner Capital Management is based in New York and has affiliate offices in London, Hong Kong and Dublin. The company began managing capital for investors in 1987. It focuses onbankruptcies, convertible arbitrage, merger arbitrage, distressed investments, event-driven equities andrestructuringsituations.\nAs of January 31, 2021, Davidson Kempner had $34.8 billion under management and its net assets under management were $33.1 billion.\nCitadel Advisors\nCitadel Advisors is based in Chicago and focuses on equities, fixed income and macro, commodities, credit and quantitative strategies.\nAs of March 31, 2021, Citadel had $33.1 billion in assets under management.\nIn 1987, founder Kenneth Griffin began trading from his dorm room as a 19-year-old sophomore at Harvard University. He founded Citadel in 1990.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1773,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120470518,"gmtCreate":1624334958334,"gmtModify":1634007608678,"author":{"id":"3587026815806106","authorId":"3587026815806106","name":"小买怡情大买养家","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587026815806106","idStr":"3587026815806106"},"themes":[],"title":"","htmlText":"Interesting!!","listText":"Interesting!!","text":"Interesting!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/120470518","repostId":"1116834236","repostType":4,"repost":{"id":"1116834236","kind":"news","pubTimestamp":1624333365,"share":"https://www.laohunote.com/m/news/1116834236?lang=zh_CN&edition=full","pubTime":"2021-06-22 11:42","market":"us","language":"en","title":"American investors are trying to buy a UK supermarket. Here's why<blockquote>美国投资者正试图收购一家英国超市。原因如下</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1116834236","media":"cnn","summary":"London Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of 2.30 per share in cash for the grocery retailer. That's a 29% premium to Morrisons' closing price on Friday, giving it a market value of around 5.5 billion .Shares in the co","content":"<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.</p><p><blockquote>伦敦（CNN Business）英国第四大连锁超市莫里森 (Morrisons) 已成为一家美国私募股权公司的收购目标，这是投资者对英国资产兴趣强烈的最新迹象。</blockquote></p><p> Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).</p><p><blockquote>莫里森周末证实，总部位于纽约的 Clayton, Dubilier & Rice 上周主动向这家杂货零售商提出了每股 2.30 英镑（3.19 美元）的现金报价。这比 Morrisons (MRWSF) 周五的收盘价溢价 29%，市值约为 55 亿英镑（76 亿美元）。</blockquote></p><p> Shares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks & Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.</p><p><blockquote>周一，该公司股价在伦敦飙升超过 30%，股价高于收购要约，并提振了该行业的其他股票。Sainsbury's (JSNSF) 和 Ocado (OCDDY) 上涨超过 4%，Marks & Spencer (MAKSY) 上涨近 3%，Tesco (TSCDF) 上涨超过 1%。</blockquote></p><p> Morrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier & Rice now has until July 17 to make a firm offer.</p><p><blockquote>莫里森在周六的声明中拒绝了该提议，称其“严重低估”了该公司及其未来前景。Clayton, Dubilier & Rice 现在必须在 7 月 17 日之前提出确定报价。</blockquote></p><p> The move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.</p><p><blockquote>此举出台之际，英国零售业投资者活动加剧，英国公司遭到大量收购，多年来，由于增长乏力以及 2016 年英国脱欧公投后英镑疲软导致回报不佳，这些公司的估值多年来一直被低估。</blockquote></p><p> In October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.</p><p><blockquote>10 月，沃尔玛 (WMT) 将连锁超市 Asda 出售给欧洲私募股权集团 TDR Capital 和一家全球便利店业务的创始人。另外，捷克亿万富翁丹尼尔·克雷廷斯基 (Daniel Kretinsky) 最近将其在 Sainsbury's 的股份增至 10%，这加剧了人们对其可能成为下一个收购目标的猜测。</blockquote></p><p> Analysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.</p><p><blockquote>分析师推测，英国最大的连锁超市乐购也可能吸引买家。</blockquote></p><p> \"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.</p><p><blockquote>“流动性数量反映了货币政策，以及家族理财室、高净值投资者和私募股权对资本的吸收，这意味着即使是市值达 180 亿英镑（250 亿美元）的乐购，也不会太大，无法接受要约，”Shore Capital 研究主管 Clive Black 在周一的一份报告中表示。</blockquote></p><p> Sainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.</p><p><blockquote>塞恩斯伯里百货 (Sainsbury's) 和特易购 (Tesco) 受益于封锁期间需求激增，现在也准备受益于大流行后英国的强劲经济复苏。分析师表示，即使餐馆重新开业，购物者也可能继续在家吃更多的饭，特别是在许多办公室仍然关闭的情况下。</blockquote></p><p> Tesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"</p><p><blockquote>乐购首席执行官肯·墨菲 (Ken Murphy) 周五在看涨期权上对分析师表示，即使限制放松，在线需求“仍然具有令人难以置信的弹性”。</blockquote></p><p> \"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.</p><p><blockquote>“我们预计今年剩余时间内销售额将远高于 Covid-19 之前的水平，”他补充道。</blockquote></p><p> Both leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.</p><p><blockquote>Shore Capital 的 Black 表示，两家领先的零售商还设法控制了成本，产生了大量现金，并缩小了与德国折扣店 Aldi 和 Lidl 的价格差距。</blockquote></p><p> This could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.</p><p><blockquote>他补充说，这可能会使它们成为亚马逊 (AMZN) 等公司的主要目标。布莱克表示：“阿斯达的收购和克雷廷斯基的投资意味着亚马逊计划的话题也将成为围绕塞恩斯伯里和乐购正在进行的讨论之一。”</blockquote></p><p> The online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.</p><p><blockquote>这家在线零售商自2017年收购全食超市以来一直在扩大其杂货产品，已经与莫里森建立了密切的关系，莫里森为其在英国的Prime和Pantry客户提供干、新鲜和冷冻产品。</blockquote></p><p> But the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier & Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.</p><p><blockquote>但市场并没有押注亚马逊的竞争对手出价。股票经纪人 AJ Bell 投资总监 Russ Mould 表示：“今天的 [Morrisons] 股价没有迹象表明亚马逊会出价超过 Clayton, Dubilier & Rice。”</blockquote></p><p> With a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.</p><p><blockquote>他告诉美国有线电视新闻网商业频道，由于股价低迷，资产超过 70 亿英镑（97 亿美元），其中包括价值超过公司市值的房地产投资组合，莫里森“符合很多私募股权条件”。</blockquote></p><p> Returning to favor?</p><p><blockquote>回报？</blockquote></p><p> Investor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.</p><p><blockquote>投资者对英国资产的兴趣不仅限于杂货商。据 Mould 称，过去八个月里，英国上市公司收到了 50 多份竞标，其中只有 6 份被放弃。</blockquote></p><p> The average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.</p><p><blockquote>平均溢价为 34%，这表明在多年股东回报疲软之后，其中许多公司可能被市场低估。Dealogic 数据显示，过去 12 个月，英国上市公司宣布了 95 项要约，总价值达 1070 亿美元。</blockquote></p><p> \"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.</p><p><blockquote>莫尔德在最近的一份报告中表示：“自 2016 年 6 月脱欧公投以来，英国在全球舞台上的表现一直不佳，英镑也未能恢复到英国决定脱欧之前的交易水平。”“这种糟糕的努力可能意味着英国股市不受欢迎，因此可能被低估，”他补充道。</blockquote></p><p> UK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.</p><p><blockquote>鉴于汽车制造商和银行等公司在经济上升时表现良好，英国和欧洲股市指数将受益于大流行后的复苏。</blockquote></p><p></p><p> They may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.</p><p><blockquote>在过去十年美国指数大幅上涨之后，它们也可能为投资者提供更好的价值，而当时欧洲市场因缺乏科技公司和该地区经济增长乏力而受到阻碍。</blockquote></p><p> The FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&P 500 (SPX).</p><p><blockquote>富时 100 指数 (UKX) 在过去十年中仅上涨了 26%，而欧洲斯托克 600 指数 (SXXL) 则上涨了 85%。相比之下，标普500 (SPX) 的涨幅超过 230%。</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>American investors are trying to buy a UK supermarket. Here's why<blockquote>美国投资者正试图收购一家英国超市。原因如下</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\">\nAmerican investors are trying to buy a UK supermarket. Here's why<blockquote>美国投资者正试图收购一家英国超市。原因如下</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">cnn</strong><span class=\"h-time small\">2021-06-22 11:42</span>\n</p>\n</h4>\n</header>\n<article>\n<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.</p><p><blockquote>伦敦（CNN Business）英国第四大连锁超市莫里森 (Morrisons) 已成为一家美国私募股权公司的收购目标，这是投资者对英国资产兴趣强烈的最新迹象。</blockquote></p><p> Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).</p><p><blockquote>莫里森周末证实，总部位于纽约的 Clayton, Dubilier & Rice 上周主动向这家杂货零售商提出了每股 2.30 英镑（3.19 美元）的现金报价。这比 Morrisons (MRWSF) 周五的收盘价溢价 29%，市值约为 55 亿英镑（76 亿美元）。</blockquote></p><p> Shares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks & Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.</p><p><blockquote>周一，该公司股价在伦敦飙升超过 30%，股价高于收购要约，并提振了该行业的其他股票。Sainsbury's (JSNSF) 和 Ocado (OCDDY) 上涨超过 4%，Marks & Spencer (MAKSY) 上涨近 3%，Tesco (TSCDF) 上涨超过 1%。</blockquote></p><p> Morrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier & Rice now has until July 17 to make a firm offer.</p><p><blockquote>莫里森在周六的声明中拒绝了该提议，称其“严重低估”了该公司及其未来前景。Clayton, Dubilier & Rice 现在必须在 7 月 17 日之前提出确定报价。</blockquote></p><p> The move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.</p><p><blockquote>此举出台之际，英国零售业投资者活动加剧，英国公司遭到大量收购，多年来，由于增长乏力以及 2016 年英国脱欧公投后英镑疲软导致回报不佳，这些公司的估值多年来一直被低估。</blockquote></p><p> In October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.</p><p><blockquote>10 月，沃尔玛 (WMT) 将连锁超市 Asda 出售给欧洲私募股权集团 TDR Capital 和一家全球便利店业务的创始人。另外，捷克亿万富翁丹尼尔·克雷廷斯基 (Daniel Kretinsky) 最近将其在 Sainsbury's 的股份增至 10%，这加剧了人们对其可能成为下一个收购目标的猜测。</blockquote></p><p> Analysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.</p><p><blockquote>分析师推测，英国最大的连锁超市乐购也可能吸引买家。</blockquote></p><p> \"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.</p><p><blockquote>“流动性数量反映了货币政策，以及家族理财室、高净值投资者和私募股权对资本的吸收，这意味着即使是市值达 180 亿英镑（250 亿美元）的乐购，也不会太大，无法接受要约，”Shore Capital 研究主管 Clive Black 在周一的一份报告中表示。</blockquote></p><p> Sainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.</p><p><blockquote>塞恩斯伯里百货 (Sainsbury's) 和特易购 (Tesco) 受益于封锁期间需求激增，现在也准备受益于大流行后英国的强劲经济复苏。分析师表示，即使餐馆重新开业，购物者也可能继续在家吃更多的饭，特别是在许多办公室仍然关闭的情况下。</blockquote></p><p> Tesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"</p><p><blockquote>乐购首席执行官肯·墨菲 (Ken Murphy) 周五在看涨期权上对分析师表示，即使限制放松，在线需求“仍然具有令人难以置信的弹性”。</blockquote></p><p> \"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.</p><p><blockquote>“我们预计今年剩余时间内销售额将远高于 Covid-19 之前的水平，”他补充道。</blockquote></p><p> Both leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.</p><p><blockquote>Shore Capital 的 Black 表示，两家领先的零售商还设法控制了成本，产生了大量现金，并缩小了与德国折扣店 Aldi 和 Lidl 的价格差距。</blockquote></p><p> This could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.</p><p><blockquote>他补充说，这可能会使它们成为亚马逊 (AMZN) 等公司的主要目标。布莱克表示：“阿斯达的收购和克雷廷斯基的投资意味着亚马逊计划的话题也将成为围绕塞恩斯伯里和乐购正在进行的讨论之一。”</blockquote></p><p> The online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.</p><p><blockquote>这家在线零售商自2017年收购全食超市以来一直在扩大其杂货产品，已经与莫里森建立了密切的关系，莫里森为其在英国的Prime和Pantry客户提供干、新鲜和冷冻产品。</blockquote></p><p> But the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier & Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.</p><p><blockquote>但市场并没有押注亚马逊的竞争对手出价。股票经纪人 AJ Bell 投资总监 Russ Mould 表示：“今天的 [Morrisons] 股价没有迹象表明亚马逊会出价超过 Clayton, Dubilier & Rice。”</blockquote></p><p> With a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.</p><p><blockquote>他告诉美国有线电视新闻网商业频道，由于股价低迷，资产超过 70 亿英镑（97 亿美元），其中包括价值超过公司市值的房地产投资组合，莫里森“符合很多私募股权条件”。</blockquote></p><p> Returning to favor?</p><p><blockquote>回报？</blockquote></p><p> Investor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.</p><p><blockquote>投资者对英国资产的兴趣不仅限于杂货商。据 Mould 称，过去八个月里，英国上市公司收到了 50 多份竞标，其中只有 6 份被放弃。</blockquote></p><p> The average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.</p><p><blockquote>平均溢价为 34%，这表明在多年股东回报疲软之后，其中许多公司可能被市场低估。Dealogic 数据显示，过去 12 个月，英国上市公司宣布了 95 项要约，总价值达 1070 亿美元。</blockquote></p><p> \"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.</p><p><blockquote>莫尔德在最近的一份报告中表示：“自 2016 年 6 月脱欧公投以来，英国在全球舞台上的表现一直不佳，英镑也未能恢复到英国决定脱欧之前的交易水平。”“这种糟糕的努力可能意味着英国股市不受欢迎，因此可能被低估，”他补充道。</blockquote></p><p> UK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.</p><p><blockquote>鉴于汽车制造商和银行等公司在经济上升时表现良好，英国和欧洲股市指数将受益于大流行后的复苏。</blockquote></p><p></p><p> They may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.</p><p><blockquote>在过去十年美国指数大幅上涨之后，它们也可能为投资者提供更好的价值，而当时欧洲市场因缺乏科技公司和该地区经济增长乏力而受到阻碍。</blockquote></p><p> The FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&P 500 (SPX).</p><p><blockquote>富时 100 指数 (UKX) 在过去十年中仅上涨了 26%，而欧洲斯托克 600 指数 (SXXL) 则上涨了 85%。相比之下，标普500 (SPX) 的涨幅超过 230%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html\">cnn</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":{"MRWSY":"WM Morrison Supermarkets Plc."},"source_url":"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116834236","content_text":"London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.\nMorrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).\nShares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks & Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.\nMorrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier & Rice now has until July 17 to make a firm offer.\nThe move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.\nIn October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.\nAnalysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.\n\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.\nSainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.\nTesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"\n\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.\nBoth leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.\nThis could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.\nThe online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.\nBut the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier & Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.\nWith a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.\nReturning to favor?\nInvestor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.\nThe average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.\n\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.\nUK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.\nThey may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.\nThe FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&P 500 (SPX).","news_type":1,"symbols_score_info":{"MRWSY":0.9}},"isVote":1,"tweetType":1,"viewCount":1933,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120470326,"gmtCreate":1624334928465,"gmtModify":1634007609176,"author":{"id":"3587026815806106","authorId":"3587026815806106","name":"小买怡情大买养家","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587026815806106","idStr":"3587026815806106"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120470326","repostId":"1191349655","repostType":4,"isVote":1,"tweetType":1,"viewCount":2923,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161518604,"gmtCreate":1623934394208,"gmtModify":1634025697299,"author":{"id":"3587026815806106","authorId":"3587026815806106","name":"小买怡情大买养家","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587026815806106","idStr":"3587026815806106"},"themes":[],"title":"","htmlText":"Buy buy","listText":"Buy buy","text":"Buy buy","images":[{"img":"https://static.tigerbbs.com/f380480b5dd32ded57c214f304430789","width":"1125","height":"3084"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161518604","isVote":1,"tweetType":1,"viewCount":1956,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":120470518,"gmtCreate":1624334958334,"gmtModify":1634007608678,"author":{"id":"3587026815806106","authorId":"3587026815806106","name":"小买怡情大买养家","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3587026815806106","authorIdStr":"3587026815806106"},"themes":[],"title":"","htmlText":"Interesting!!","listText":"Interesting!!","text":"Interesting!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/120470518","repostId":"1116834236","repostType":4,"repost":{"id":"1116834236","kind":"news","pubTimestamp":1624333365,"share":"https://www.laohunote.com/m/news/1116834236?lang=zh_CN&edition=full","pubTime":"2021-06-22 11:42","market":"us","language":"en","title":"American investors are trying to buy a UK supermarket. Here's why<blockquote>美国投资者正试图收购一家英国超市。原因如下</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1116834236","media":"cnn","summary":"London Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of 2.30 per share in cash for the grocery retailer. That's a 29% premium to Morrisons' closing price on Friday, giving it a market value of around 5.5 billion .Shares in the co","content":"<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.</p><p><blockquote>伦敦（CNN Business）英国第四大连锁超市莫里森 (Morrisons) 已成为一家美国私募股权公司的收购目标，这是投资者对英国资产兴趣强烈的最新迹象。</blockquote></p><p> Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).</p><p><blockquote>莫里森周末证实，总部位于纽约的 Clayton, Dubilier & Rice 上周主动向这家杂货零售商提出了每股 2.30 英镑（3.19 美元）的现金报价。这比 Morrisons (MRWSF) 周五的收盘价溢价 29%，市值约为 55 亿英镑（76 亿美元）。</blockquote></p><p> Shares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks & Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.</p><p><blockquote>周一，该公司股价在伦敦飙升超过 30%，股价高于收购要约，并提振了该行业的其他股票。Sainsbury's (JSNSF) 和 Ocado (OCDDY) 上涨超过 4%，Marks & Spencer (MAKSY) 上涨近 3%，Tesco (TSCDF) 上涨超过 1%。</blockquote></p><p> Morrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier & Rice now has until July 17 to make a firm offer.</p><p><blockquote>莫里森在周六的声明中拒绝了该提议，称其“严重低估”了该公司及其未来前景。Clayton, Dubilier & Rice 现在必须在 7 月 17 日之前提出确定报价。</blockquote></p><p> The move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.</p><p><blockquote>此举出台之际，英国零售业投资者活动加剧，英国公司遭到大量收购，多年来，由于增长乏力以及 2016 年英国脱欧公投后英镑疲软导致回报不佳，这些公司的估值多年来一直被低估。</blockquote></p><p> In October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.</p><p><blockquote>10 月，沃尔玛 (WMT) 将连锁超市 Asda 出售给欧洲私募股权集团 TDR Capital 和一家全球便利店业务的创始人。另外，捷克亿万富翁丹尼尔·克雷廷斯基 (Daniel Kretinsky) 最近将其在 Sainsbury's 的股份增至 10%，这加剧了人们对其可能成为下一个收购目标的猜测。</blockquote></p><p> Analysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.</p><p><blockquote>分析师推测，英国最大的连锁超市乐购也可能吸引买家。</blockquote></p><p> \"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.</p><p><blockquote>“流动性数量反映了货币政策，以及家族理财室、高净值投资者和私募股权对资本的吸收，这意味着即使是市值达 180 亿英镑（250 亿美元）的乐购，也不会太大，无法接受要约，”Shore Capital 研究主管 Clive Black 在周一的一份报告中表示。</blockquote></p><p> Sainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.</p><p><blockquote>塞恩斯伯里百货 (Sainsbury's) 和特易购 (Tesco) 受益于封锁期间需求激增，现在也准备受益于大流行后英国的强劲经济复苏。分析师表示，即使餐馆重新开业，购物者也可能继续在家吃更多的饭，特别是在许多办公室仍然关闭的情况下。</blockquote></p><p> Tesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"</p><p><blockquote>乐购首席执行官肯·墨菲 (Ken Murphy) 周五在看涨期权上对分析师表示，即使限制放松，在线需求“仍然具有令人难以置信的弹性”。</blockquote></p><p> \"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.</p><p><blockquote>“我们预计今年剩余时间内销售额将远高于 Covid-19 之前的水平，”他补充道。</blockquote></p><p> Both leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.</p><p><blockquote>Shore Capital 的 Black 表示，两家领先的零售商还设法控制了成本，产生了大量现金，并缩小了与德国折扣店 Aldi 和 Lidl 的价格差距。</blockquote></p><p> This could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.</p><p><blockquote>他补充说，这可能会使它们成为亚马逊 (AMZN) 等公司的主要目标。布莱克表示：“阿斯达的收购和克雷廷斯基的投资意味着亚马逊计划的话题也将成为围绕塞恩斯伯里和乐购正在进行的讨论之一。”</blockquote></p><p> The online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.</p><p><blockquote>这家在线零售商自2017年收购全食超市以来一直在扩大其杂货产品，已经与莫里森建立了密切的关系，莫里森为其在英国的Prime和Pantry客户提供干、新鲜和冷冻产品。</blockquote></p><p> But the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier & Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.</p><p><blockquote>但市场并没有押注亚马逊的竞争对手出价。股票经纪人 AJ Bell 投资总监 Russ Mould 表示：“今天的 [Morrisons] 股价没有迹象表明亚马逊会出价超过 Clayton, Dubilier & Rice。”</blockquote></p><p> With a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.</p><p><blockquote>他告诉美国有线电视新闻网商业频道，由于股价低迷，资产超过 70 亿英镑（97 亿美元），其中包括价值超过公司市值的房地产投资组合，莫里森“符合很多私募股权条件”。</blockquote></p><p> Returning to favor?</p><p><blockquote>回报？</blockquote></p><p> Investor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.</p><p><blockquote>投资者对英国资产的兴趣不仅限于杂货商。据 Mould 称，过去八个月里，英国上市公司收到了 50 多份竞标，其中只有 6 份被放弃。</blockquote></p><p> The average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.</p><p><blockquote>平均溢价为 34%，这表明在多年股东回报疲软之后，其中许多公司可能被市场低估。Dealogic 数据显示，过去 12 个月，英国上市公司宣布了 95 项要约，总价值达 1070 亿美元。</blockquote></p><p> \"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.</p><p><blockquote>莫尔德在最近的一份报告中表示：“自 2016 年 6 月脱欧公投以来，英国在全球舞台上的表现一直不佳，英镑也未能恢复到英国决定脱欧之前的交易水平。”“这种糟糕的努力可能意味着英国股市不受欢迎，因此可能被低估，”他补充道。</blockquote></p><p> UK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.</p><p><blockquote>鉴于汽车制造商和银行等公司在经济上升时表现良好，英国和欧洲股市指数将受益于大流行后的复苏。</blockquote></p><p></p><p> They may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.</p><p><blockquote>在过去十年美国指数大幅上涨之后，它们也可能为投资者提供更好的价值，而当时欧洲市场因缺乏科技公司和该地区经济增长乏力而受到阻碍。</blockquote></p><p> The FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&P 500 (SPX).</p><p><blockquote>富时 100 指数 (UKX) 在过去十年中仅上涨了 26%，而欧洲斯托克 600 指数 (SXXL) 则上涨了 85%。相比之下，标普500 (SPX) 的涨幅超过 230%。</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>American investors are trying to buy a UK supermarket. Here's why<blockquote>美国投资者正试图收购一家英国超市。原因如下</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\">\nAmerican investors are trying to buy a UK supermarket. Here's why<blockquote>美国投资者正试图收购一家英国超市。原因如下</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">cnn</strong><span class=\"h-time small\">2021-06-22 11:42</span>\n</p>\n</h4>\n</header>\n<article>\n<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.</p><p><blockquote>伦敦（CNN Business）英国第四大连锁超市莫里森 (Morrisons) 已成为一家美国私募股权公司的收购目标，这是投资者对英国资产兴趣强烈的最新迹象。</blockquote></p><p> Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).</p><p><blockquote>莫里森周末证实，总部位于纽约的 Clayton, Dubilier & Rice 上周主动向这家杂货零售商提出了每股 2.30 英镑（3.19 美元）的现金报价。这比 Morrisons (MRWSF) 周五的收盘价溢价 29%，市值约为 55 亿英镑（76 亿美元）。</blockquote></p><p> Shares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks & Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.</p><p><blockquote>周一，该公司股价在伦敦飙升超过 30%，股价高于收购要约，并提振了该行业的其他股票。Sainsbury's (JSNSF) 和 Ocado (OCDDY) 上涨超过 4%，Marks & Spencer (MAKSY) 上涨近 3%，Tesco (TSCDF) 上涨超过 1%。</blockquote></p><p> Morrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier & Rice now has until July 17 to make a firm offer.</p><p><blockquote>莫里森在周六的声明中拒绝了该提议，称其“严重低估”了该公司及其未来前景。Clayton, Dubilier & Rice 现在必须在 7 月 17 日之前提出确定报价。</blockquote></p><p> The move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.</p><p><blockquote>此举出台之际，英国零售业投资者活动加剧，英国公司遭到大量收购，多年来，由于增长乏力以及 2016 年英国脱欧公投后英镑疲软导致回报不佳，这些公司的估值多年来一直被低估。</blockquote></p><p> In October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.</p><p><blockquote>10 月，沃尔玛 (WMT) 将连锁超市 Asda 出售给欧洲私募股权集团 TDR Capital 和一家全球便利店业务的创始人。另外，捷克亿万富翁丹尼尔·克雷廷斯基 (Daniel Kretinsky) 最近将其在 Sainsbury's 的股份增至 10%，这加剧了人们对其可能成为下一个收购目标的猜测。</blockquote></p><p> Analysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.</p><p><blockquote>分析师推测，英国最大的连锁超市乐购也可能吸引买家。</blockquote></p><p> \"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.</p><p><blockquote>“流动性数量反映了货币政策，以及家族理财室、高净值投资者和私募股权对资本的吸收，这意味着即使是市值达 180 亿英镑（250 亿美元）的乐购，也不会太大，无法接受要约，”Shore Capital 研究主管 Clive Black 在周一的一份报告中表示。</blockquote></p><p> Sainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.</p><p><blockquote>塞恩斯伯里百货 (Sainsbury's) 和特易购 (Tesco) 受益于封锁期间需求激增，现在也准备受益于大流行后英国的强劲经济复苏。分析师表示，即使餐馆重新开业，购物者也可能继续在家吃更多的饭，特别是在许多办公室仍然关闭的情况下。</blockquote></p><p> Tesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"</p><p><blockquote>乐购首席执行官肯·墨菲 (Ken Murphy) 周五在看涨期权上对分析师表示，即使限制放松，在线需求“仍然具有令人难以置信的弹性”。</blockquote></p><p> \"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.</p><p><blockquote>“我们预计今年剩余时间内销售额将远高于 Covid-19 之前的水平，”他补充道。</blockquote></p><p> Both leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.</p><p><blockquote>Shore Capital 的 Black 表示，两家领先的零售商还设法控制了成本，产生了大量现金，并缩小了与德国折扣店 Aldi 和 Lidl 的价格差距。</blockquote></p><p> This could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.</p><p><blockquote>他补充说，这可能会使它们成为亚马逊 (AMZN) 等公司的主要目标。布莱克表示：“阿斯达的收购和克雷廷斯基的投资意味着亚马逊计划的话题也将成为围绕塞恩斯伯里和乐购正在进行的讨论之一。”</blockquote></p><p> The online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.</p><p><blockquote>这家在线零售商自2017年收购全食超市以来一直在扩大其杂货产品，已经与莫里森建立了密切的关系，莫里森为其在英国的Prime和Pantry客户提供干、新鲜和冷冻产品。</blockquote></p><p> But the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier & Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.</p><p><blockquote>但市场并没有押注亚马逊的竞争对手出价。股票经纪人 AJ Bell 投资总监 Russ Mould 表示：“今天的 [Morrisons] 股价没有迹象表明亚马逊会出价超过 Clayton, Dubilier & Rice。”</blockquote></p><p> With a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.</p><p><blockquote>他告诉美国有线电视新闻网商业频道，由于股价低迷，资产超过 70 亿英镑（97 亿美元），其中包括价值超过公司市值的房地产投资组合，莫里森“符合很多私募股权条件”。</blockquote></p><p> Returning to favor?</p><p><blockquote>回报？</blockquote></p><p> Investor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.</p><p><blockquote>投资者对英国资产的兴趣不仅限于杂货商。据 Mould 称，过去八个月里，英国上市公司收到了 50 多份竞标，其中只有 6 份被放弃。</blockquote></p><p> The average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.</p><p><blockquote>平均溢价为 34%，这表明在多年股东回报疲软之后，其中许多公司可能被市场低估。Dealogic 数据显示，过去 12 个月，英国上市公司宣布了 95 项要约，总价值达 1070 亿美元。</blockquote></p><p> \"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.</p><p><blockquote>莫尔德在最近的一份报告中表示：“自 2016 年 6 月脱欧公投以来，英国在全球舞台上的表现一直不佳，英镑也未能恢复到英国决定脱欧之前的交易水平。”“这种糟糕的努力可能意味着英国股市不受欢迎，因此可能被低估，”他补充道。</blockquote></p><p> UK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.</p><p><blockquote>鉴于汽车制造商和银行等公司在经济上升时表现良好，英国和欧洲股市指数将受益于大流行后的复苏。</blockquote></p><p></p><p> They may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.</p><p><blockquote>在过去十年美国指数大幅上涨之后，它们也可能为投资者提供更好的价值，而当时欧洲市场因缺乏科技公司和该地区经济增长乏力而受到阻碍。</blockquote></p><p> The FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&P 500 (SPX).</p><p><blockquote>富时 100 指数 (UKX) 在过去十年中仅上涨了 26%，而欧洲斯托克 600 指数 (SXXL) 则上涨了 85%。相比之下，标普500 (SPX) 的涨幅超过 230%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html\">cnn</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":{"MRWSY":"WM Morrison Supermarkets Plc."},"source_url":"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116834236","content_text":"London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.\nMorrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).\nShares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks & Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.\nMorrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier & Rice now has until July 17 to make a firm offer.\nThe move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.\nIn October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.\nAnalysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.\n\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.\nSainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.\nTesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"\n\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.\nBoth leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.\nThis could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.\nThe online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.\nBut the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier & Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.\nWith a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.\nReturning to favor?\nInvestor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.\nThe average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.\n\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.\nUK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.\nThey may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.\nThe FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&P 500 (SPX).","news_type":1,"symbols_score_info":{"MRWSY":0.9}},"isVote":1,"tweetType":1,"viewCount":1933,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120470326,"gmtCreate":1624334928465,"gmtModify":1634007609176,"author":{"id":"3587026815806106","authorId":"3587026815806106","name":"小买怡情大买养家","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3587026815806106","authorIdStr":"3587026815806106"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120470326","repostId":"1191349655","repostType":4,"isVote":1,"tweetType":1,"viewCount":2923,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128511315,"gmtCreate":1624523220137,"gmtModify":1634004901902,"author":{"id":"3587026815806106","authorId":"3587026815806106","name":"小买怡情大买养家","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3587026815806106","authorIdStr":"3587026815806106"},"themes":[],"title":"","htmlText":"Citadel [Miser] ","listText":"Citadel [Miser] ","text":"Citadel [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128511315","repostId":"1139439438","repostType":4,"repost":{"id":"1139439438","kind":"news","pubTimestamp":1624519904,"share":"https://www.laohunote.com/m/news/1139439438?lang=zh_CN&edition=full","pubTime":"2021-06-24 15:31","market":"us","language":"en","title":"World's Top 10 Hedge Fund Firms<blockquote>全球十大对冲基金公司</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139439438","media":"Investopedia","summary":"Hedge fundsare alternative investments that use a variety of methods such as leveragedderivatives, s","content":"<p>Hedge fundsare alternative investments that use a variety of methods such as leveragedderivatives, short-selling, and other speculative strategies to earn a return that outperforms the broader market. Hedge funds invest in domestic and international markets alike. They typically impose $1 million minimums and targethigh-net-worth individuals,pension funds, and institutional investors.</p><p><blockquote>对冲基金是另类投资，使用杠杆衍生品、卖空和其他投机策略等各种方法来获得优于大盘的回报。对冲基金投资于国内和国际市场。他们通常规定 100 万美元的最低限额，并针对高净值个人、养老基金和机构投资者。</blockquote></p><p> As a result, hedge funds invariably carry higher risk than traditional investments. They are not subject to the same regulations asmutual fundsand may not be required to file reports with theU.S. Securities and Exchange Commission(SEC).</p><p><blockquote>因此，对冲基金总是比传统投资承担更高的风险。它们不受与共同基金相同的法规约束，也可能不需要向美国提交报告。美国证券交易委员会（SEC）。</blockquote></p><p> The following 10 hedge fund firms dominate the space, based on totalassets under management(AUM) as of June 2021.</p><p><blockquote>根据截至2021年6月的管理资产总额（AUM），以下10家对冲基金公司在该领域占据主导地位。</blockquote></p><p> <b>The World’s Top 10 Hedge Fund Firms</b><b>Blackrock Advisors</b></p><p><blockquote><b>全球十大对冲基金公司</b><b>贝莱德顾问</b></blockquote></p><p> <b>Blackrock Advisors</b></p><p><blockquote><b>贝莱德顾问</b></blockquote></p><p> BlackRock (BLK) is a New York-based investment manager that manages trillions in assets. The largest BlackRock entity, BlackRock Fund Advisors, has been in operation since 1984 and oversees $1.9 trillion in assets.</p><p><blockquote>贝莱德 (BLK) 是一家总部位于纽约的投资管理公司，管理着数万亿美元的资产。贝莱德最大的实体贝莱德基金顾问公司自1984年开始运营，管理着1.9万亿美元的资产。</blockquote></p><p> BlackRock Financial Management was founded in 1994 and oversees $2.25 trillion. BlackRock Advisors, its internal hedge fund, started in 1994 and now handles $789.57 billion.</p><p><blockquote>贝莱德金融管理公司成立于1994年，管理着2.25万亿美元的资产。其内部对冲基金贝莱德顾问公司成立于 1994 年，目前管理着 7,895.7 亿美元。</blockquote></p><p> <b>AQR Capital Management</b></p><p><blockquote><b>AQR资本管理</b></blockquote></p><p> AQR Capital Management is based in Greenwich, Conn., and usesquantitative analysisto develop financial models focused on value and momentum investing. ACR implements its strategies via mutual funds, a type of mutual offered in Europe known asUndertakings for Collective Investment in Transferable Securities, and sponsored funds and managed accounts.</p><p><blockquote>AQR Capital Management总部位于康涅狄格州格林威治，使用定量分析开发专注于价值和动量投资的金融模型。ACR 通过共同基金（一种在欧洲提供的共同基金，称为可转让证券集体投资企业）以及发起基金和管理账户来实施其战略。</blockquote></p><p> As of March 31, 2020, AQR had $164billion under management. It also earned advisory feeds on another $224.8 billion in assets.</p><p><blockquote>截至2020年3月31日，AQR管理着1640亿美元。它还获得了另外2248亿美元资产的咨询反馈。</blockquote></p><p> Cliff Asness founded the company along with partners John Liew, Robert Krail, and David Kabiller. The four had worked together on a hedge fund at Goldman Sachs. AQR launched its Absolute Return fund in August 1998, the same monthLong Term Capital Managementimploded.</p><p><blockquote>Cliff Asness 与合伙人 John Liew、Robert Krail 和 David Kabiller 一起创立了该公司。四人曾在高盛的一家对冲基金合作。AQR 于 1998 年 8 月推出了绝对回报基金，同月长期资本管理公司成立。</blockquote></p><p> <b>Bridgewater Associates</b></p><p><blockquote><b>桥水联合公司</b></blockquote></p><p> Bridgewater Associates is based in Westport, Conn., and provides services to pension funds, foreign governments, central banks,university endowments, charitable foundations, and other institutional investors.6Co-chair and co-chief investment officer Ray Dalio founded the firm in 1975 from his two-bedroom New York apartment.</p><p><blockquote>Bridgewater Associates 总部位于康涅狄格州韦斯特波特，为养老基金、外国政府、中央银行、大学捐赠基金、慈善基金会和其他机构投资者提供服务。6联席主席兼联席首席投资官雷·达里奥 (Ray Dalio) 于 1975 年在纽约的两居室公寓里创立了该公司。</blockquote></p><p> The company offers four main funds:</p><p><blockquote>该公司提供四种主要基金：</blockquote></p><p> <ol> <li>Pure Alpha, which focuses on active investment strategy</li> <li>Pure Alpha Major Markets, which targets a subset of opportunities that the Pure Alpha fund invests in</li> <li>All Weather, which uses an asset allocation strategy</li> <li>Optimal Portfolio, which combines aspects of the All Weather fund with active management</li> </ol> As of March 27, 2021, the fund had $154 billion under management.</p><p><blockquote><ol><li>纯阿尔法，专注于主动投资策略</li><li>Pure Alpha 主要市场，针对 Pure Alpha 基金投资的机会子集</li><li>使用资产配置策略的全天候</li><li>最佳投资组合，将全天候基金的各个方面与主动管理相结合</li></ol>截至2021年3月27日，该基金管理着1540亿美元。</blockquote></p><p> <b>Renaissance Technologies</b></p><p><blockquote><b>文艺复兴技术</b></blockquote></p><p> Renaissance Technologies is a New York-based quantitative hedge fund that uses mathematical and statistical methods to uncover technical indicators that drive its automated trading strategies. Renaissance applies these strategies to U.S. and international equities, debt instruments,futures contracts,forward contractsandforeign exchange.</p><p><blockquote>Renaissance Technologies 是一家总部位于纽约的量化对冲基金，使用数学和统计方法来发现驱动其自动化交易策略的技术指标。Renaissance 将这些策略应用于美国和国际股票、债务工具、期货合约、远期合约和外汇。</blockquote></p><p> As of June 3, 2021, the fund had $130 billion under management.</p><p><blockquote>截至2021年6月3日，该基金管理着1300亿美元。</blockquote></p><p> Mathematician Jim Simons founded Renaissance Technologies in 1982.<i>Forbes</i>lists Simons as the 68th wealthiest person in the world as of Jan. 13, 2021, worth $23.5 billion. Mathematician Peter Brown is the current chief executive.</p><p><blockquote>数学家吉姆·西蒙斯于1982年创立了文艺复兴技术公司。<i>福布斯</i>截至2021年1月13日，西蒙斯是全球第68位最富有的人，价值235亿美元。数学家彼得·布朗是现任首席执行官。</blockquote></p><p> <b>Man Group</b></p><p><blockquote><b>人组</b></blockquote></p><p> This British hedge fund has more than 230 years of trading experience. It started in 1784 as an exclusive supplier of rum to the Royal Navy, later getting into the sugar, coffee and cocoa trading business.</p><p><blockquote>这家英国对冲基金拥有超过230年的交易经验。它始于1784年，是皇家海军朗姆酒的独家供应商，后来进入糖、咖啡和可可贸易业务。</blockquote></p><p> As of December 31, 2020, Man Group had $123.6 billion in assets under management. </p><p><blockquote>截至2020年12月31日，Man集团管理的资产为1236亿美元。</blockquote></p><p> <b>Elliott Management</b></p><p><blockquote><b>埃利奥特管理公司</b></blockquote></p><p> Elliot Management describes its investment mandate as \"extremely broad\" and encompassing of almost every asset type:distressed securities, equities, hedging andarbitragepositions, commodities, real estate-related securities, etc. In August 2019, Elliot acquired book retailer Barnes & Noble. It had earlier acquired British bookseller Waterstones. The company is based in New York and was founded by Paul Singer in 1977.</p><p><blockquote>Elliot Management 将其投资授权描述为 “极其广泛”，几乎涵盖所有资产类型：不良证券、股票、对冲和套利头寸、大宗商品、房地产相关证券等。2019 年 8 月，Elliot 收购了图书零售商 Barnes&Noble。此前，它收购了英国书商 Waterstones。该公司总部位于纽约，由 Paul Singer 于 1977 年创立。</blockquote></p><p> As of December 31, 2019, Elliot had $73.5 billion in assets under management and $40 billion of net assets under management on a discretionary basis.</p><p><blockquote>截至2019年12月31日，Elliot管理的资产为735亿美元，在可自由支配的基础上管理的净资产为400亿美元。</blockquote></p><p> <b>Two Sigma Investments</b></p><p><blockquote><b>两西格玛投资</b></blockquote></p><p> Two Sigma Investments is based in New York and was founded by John Overdeck and David Siegel in April 2002. The company uses quantitative analysis to build mathematical strategies that rely on historical price patterns and other data.</p><p><blockquote>Two Sigma Investments总部位于纽约，由John Overdeck和David Siegel于2002年4月创立。该公司使用定量分析来建立依赖于历史价格模式和其他数据的数学策略。</blockquote></p><p> As of March 31, 2021, Two Sigma Investments had $68.9 billion under management.</p><p><blockquote>截至2021年3月31日，Two Sigma Investments管理着689亿美元。</blockquote></p><p> <b>Millennium Management</b></p><p><blockquote><b>千禧管理</b></blockquote></p><p></p><p> Millennium Management is based in New York and was founded in 1989. The company offers discretionary advisory services to private funds.</p><p><blockquote>千禧管理总部位于纽约，成立于1989年。该公司为私人基金提供全权委托咨询服务。</blockquote></p><p> As of December 31, 2019, Millennium had $42 billion under management.</p><p><blockquote>截至2019年12月31日，千禧管理着420亿美元。</blockquote></p><p> The company is lead by Chair Israel Englander, who founded Millennium with $35 million in capital following a career as a floor broker, trader, and options specialist on theAmerican Stock Exchange.</p><p><blockquote>该公司由董事长 Israel Englander 领导，他在美国证券交易所担任场内经纪人、交易员和期权专家后，以 3500 万美元的资本创立了 Millennium。</blockquote></p><p> <b>Davidson Kempner Capital Management</b></p><p><blockquote><b>戴维森肯普纳资本管理公司</b></blockquote></p><p> Davidson Kempner Capital Management is based in New York and has affiliate offices in London, Hong Kong and Dublin. The company began managing capital for investors in 1987. It focuses onbankruptcies, convertible arbitrage, merger arbitrage, distressed investments, event-driven equities andrestructuringsituations.</p><p><blockquote>Davidson Kempner Capital Management 总部位于纽约，在伦敦、香港和都柏林设有附属办事处。该公司于1987年开始为投资者管理资本。它专注于破产、可转换套利、合并套利、不良投资、事件驱动的股票和重组情况。</blockquote></p><p> As of January 31, 2021, Davidson Kempner had $34.8 billion under management and its net assets under management were $33.1 billion.</p><p><blockquote>截至2021年1月31日，Davidson Kempner管理着348亿美元，其管理的净资产为331亿美元。</blockquote></p><p> <b>Citadel Advisors</b></p><p><blockquote><b>城堡顾问</b></blockquote></p><p> Citadel Advisors is based in Chicago and focuses on equities, fixed income and macro, commodities, credit and quantitative strategies.</p><p><blockquote>Citadel Advisors 总部位于芝加哥，专注于股票、固定收益和宏观、商品、信贷和量化策略。</blockquote></p><p> As of March 31, 2021, Citadel had $33.1 billion in assets under management.</p><p><blockquote>截至2021年3月31日，Citadel管理着331亿美元的资产。</blockquote></p><p> In 1987, founder Kenneth Griffin began trading from his dorm room as a 19-year-old sophomore at Harvard University. He founded Citadel in 1990.</p><p><blockquote>1987 年，创始人肯尼斯·格里芬 (Kenneth Griffin) 在哈佛大学 19 岁的大二学生时，开始在宿舍里进行交易。他于1990年创立了Citadel。</blockquote></p><p></p>","source":"lsy1606203311635","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>World's Top 10 Hedge Fund Firms<blockquote>全球十大对冲基金公司</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\">\nWorld's Top 10 Hedge Fund Firms<blockquote>全球十大对冲基金公司</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Investopedia</strong><span class=\"h-time small\">2021-06-24 15:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Hedge fundsare alternative investments that use a variety of methods such as leveragedderivatives, short-selling, and other speculative strategies to earn a return that outperforms the broader market. Hedge funds invest in domestic and international markets alike. They typically impose $1 million minimums and targethigh-net-worth individuals,pension funds, and institutional investors.</p><p><blockquote>对冲基金是另类投资，使用杠杆衍生品、卖空和其他投机策略等各种方法来获得优于大盘的回报。对冲基金投资于国内和国际市场。他们通常规定 100 万美元的最低限额，并针对高净值个人、养老基金和机构投资者。</blockquote></p><p> As a result, hedge funds invariably carry higher risk than traditional investments. They are not subject to the same regulations asmutual fundsand may not be required to file reports with theU.S. Securities and Exchange Commission(SEC).</p><p><blockquote>因此，对冲基金总是比传统投资承担更高的风险。它们不受与共同基金相同的法规约束，也可能不需要向美国提交报告。美国证券交易委员会（SEC）。</blockquote></p><p> The following 10 hedge fund firms dominate the space, based on totalassets under management(AUM) as of June 2021.</p><p><blockquote>根据截至2021年6月的管理资产总额（AUM），以下10家对冲基金公司在该领域占据主导地位。</blockquote></p><p> <b>The World’s Top 10 Hedge Fund Firms</b><b>Blackrock Advisors</b></p><p><blockquote><b>全球十大对冲基金公司</b><b>贝莱德顾问</b></blockquote></p><p> <b>Blackrock Advisors</b></p><p><blockquote><b>贝莱德顾问</b></blockquote></p><p> BlackRock (BLK) is a New York-based investment manager that manages trillions in assets. The largest BlackRock entity, BlackRock Fund Advisors, has been in operation since 1984 and oversees $1.9 trillion in assets.</p><p><blockquote>贝莱德 (BLK) 是一家总部位于纽约的投资管理公司，管理着数万亿美元的资产。贝莱德最大的实体贝莱德基金顾问公司自1984年开始运营，管理着1.9万亿美元的资产。</blockquote></p><p> BlackRock Financial Management was founded in 1994 and oversees $2.25 trillion. BlackRock Advisors, its internal hedge fund, started in 1994 and now handles $789.57 billion.</p><p><blockquote>贝莱德金融管理公司成立于1994年，管理着2.25万亿美元的资产。其内部对冲基金贝莱德顾问公司成立于 1994 年，目前管理着 7,895.7 亿美元。</blockquote></p><p> <b>AQR Capital Management</b></p><p><blockquote><b>AQR资本管理</b></blockquote></p><p> AQR Capital Management is based in Greenwich, Conn., and usesquantitative analysisto develop financial models focused on value and momentum investing. ACR implements its strategies via mutual funds, a type of mutual offered in Europe known asUndertakings for Collective Investment in Transferable Securities, and sponsored funds and managed accounts.</p><p><blockquote>AQR Capital Management总部位于康涅狄格州格林威治，使用定量分析开发专注于价值和动量投资的金融模型。ACR 通过共同基金（一种在欧洲提供的共同基金，称为可转让证券集体投资企业）以及发起基金和管理账户来实施其战略。</blockquote></p><p> As of March 31, 2020, AQR had $164billion under management. It also earned advisory feeds on another $224.8 billion in assets.</p><p><blockquote>截至2020年3月31日，AQR管理着1640亿美元。它还获得了另外2248亿美元资产的咨询反馈。</blockquote></p><p> Cliff Asness founded the company along with partners John Liew, Robert Krail, and David Kabiller. The four had worked together on a hedge fund at Goldman Sachs. AQR launched its Absolute Return fund in August 1998, the same monthLong Term Capital Managementimploded.</p><p><blockquote>Cliff Asness 与合伙人 John Liew、Robert Krail 和 David Kabiller 一起创立了该公司。四人曾在高盛的一家对冲基金合作。AQR 于 1998 年 8 月推出了绝对回报基金，同月长期资本管理公司成立。</blockquote></p><p> <b>Bridgewater Associates</b></p><p><blockquote><b>桥水联合公司</b></blockquote></p><p> Bridgewater Associates is based in Westport, Conn., and provides services to pension funds, foreign governments, central banks,university endowments, charitable foundations, and other institutional investors.6Co-chair and co-chief investment officer Ray Dalio founded the firm in 1975 from his two-bedroom New York apartment.</p><p><blockquote>Bridgewater Associates 总部位于康涅狄格州韦斯特波特，为养老基金、外国政府、中央银行、大学捐赠基金、慈善基金会和其他机构投资者提供服务。6联席主席兼联席首席投资官雷·达里奥 (Ray Dalio) 于 1975 年在纽约的两居室公寓里创立了该公司。</blockquote></p><p> The company offers four main funds:</p><p><blockquote>该公司提供四种主要基金：</blockquote></p><p> <ol> <li>Pure Alpha, which focuses on active investment strategy</li> <li>Pure Alpha Major Markets, which targets a subset of opportunities that the Pure Alpha fund invests in</li> <li>All Weather, which uses an asset allocation strategy</li> <li>Optimal Portfolio, which combines aspects of the All Weather fund with active management</li> </ol> As of March 27, 2021, the fund had $154 billion under management.</p><p><blockquote><ol><li>纯阿尔法，专注于主动投资策略</li><li>Pure Alpha 主要市场，针对 Pure Alpha 基金投资的机会子集</li><li>使用资产配置策略的全天候</li><li>最佳投资组合，将全天候基金的各个方面与主动管理相结合</li></ol>截至2021年3月27日，该基金管理着1540亿美元。</blockquote></p><p> <b>Renaissance Technologies</b></p><p><blockquote><b>文艺复兴技术</b></blockquote></p><p> Renaissance Technologies is a New York-based quantitative hedge fund that uses mathematical and statistical methods to uncover technical indicators that drive its automated trading strategies. Renaissance applies these strategies to U.S. and international equities, debt instruments,futures contracts,forward contractsandforeign exchange.</p><p><blockquote>Renaissance Technologies 是一家总部位于纽约的量化对冲基金，使用数学和统计方法来发现驱动其自动化交易策略的技术指标。Renaissance 将这些策略应用于美国和国际股票、债务工具、期货合约、远期合约和外汇。</blockquote></p><p> As of June 3, 2021, the fund had $130 billion under management.</p><p><blockquote>截至2021年6月3日，该基金管理着1300亿美元。</blockquote></p><p> Mathematician Jim Simons founded Renaissance Technologies in 1982.<i>Forbes</i>lists Simons as the 68th wealthiest person in the world as of Jan. 13, 2021, worth $23.5 billion. Mathematician Peter Brown is the current chief executive.</p><p><blockquote>数学家吉姆·西蒙斯于1982年创立了文艺复兴技术公司。<i>福布斯</i>截至2021年1月13日，西蒙斯是全球第68位最富有的人，价值235亿美元。数学家彼得·布朗是现任首席执行官。</blockquote></p><p> <b>Man Group</b></p><p><blockquote><b>人组</b></blockquote></p><p> This British hedge fund has more than 230 years of trading experience. It started in 1784 as an exclusive supplier of rum to the Royal Navy, later getting into the sugar, coffee and cocoa trading business.</p><p><blockquote>这家英国对冲基金拥有超过230年的交易经验。它始于1784年，是皇家海军朗姆酒的独家供应商，后来进入糖、咖啡和可可贸易业务。</blockquote></p><p> As of December 31, 2020, Man Group had $123.6 billion in assets under management. </p><p><blockquote>截至2020年12月31日，Man集团管理的资产为1236亿美元。</blockquote></p><p> <b>Elliott Management</b></p><p><blockquote><b>埃利奥特管理公司</b></blockquote></p><p> Elliot Management describes its investment mandate as \"extremely broad\" and encompassing of almost every asset type:distressed securities, equities, hedging andarbitragepositions, commodities, real estate-related securities, etc. In August 2019, Elliot acquired book retailer Barnes & Noble. It had earlier acquired British bookseller Waterstones. The company is based in New York and was founded by Paul Singer in 1977.</p><p><blockquote>Elliot Management 将其投资授权描述为 “极其广泛”，几乎涵盖所有资产类型：不良证券、股票、对冲和套利头寸、大宗商品、房地产相关证券等。2019 年 8 月，Elliot 收购了图书零售商 Barnes&Noble。此前，它收购了英国书商 Waterstones。该公司总部位于纽约，由 Paul Singer 于 1977 年创立。</blockquote></p><p> As of December 31, 2019, Elliot had $73.5 billion in assets under management and $40 billion of net assets under management on a discretionary basis.</p><p><blockquote>截至2019年12月31日，Elliot管理的资产为735亿美元，在可自由支配的基础上管理的净资产为400亿美元。</blockquote></p><p> <b>Two Sigma Investments</b></p><p><blockquote><b>两西格玛投资</b></blockquote></p><p> Two Sigma Investments is based in New York and was founded by John Overdeck and David Siegel in April 2002. The company uses quantitative analysis to build mathematical strategies that rely on historical price patterns and other data.</p><p><blockquote>Two Sigma Investments总部位于纽约，由John Overdeck和David Siegel于2002年4月创立。该公司使用定量分析来建立依赖于历史价格模式和其他数据的数学策略。</blockquote></p><p> As of March 31, 2021, Two Sigma Investments had $68.9 billion under management.</p><p><blockquote>截至2021年3月31日，Two Sigma Investments管理着689亿美元。</blockquote></p><p> <b>Millennium Management</b></p><p><blockquote><b>千禧管理</b></blockquote></p><p></p><p> Millennium Management is based in New York and was founded in 1989. The company offers discretionary advisory services to private funds.</p><p><blockquote>千禧管理总部位于纽约，成立于1989年。该公司为私人基金提供全权委托咨询服务。</blockquote></p><p> As of December 31, 2019, Millennium had $42 billion under management.</p><p><blockquote>截至2019年12月31日，千禧管理着420亿美元。</blockquote></p><p> The company is lead by Chair Israel Englander, who founded Millennium with $35 million in capital following a career as a floor broker, trader, and options specialist on theAmerican Stock Exchange.</p><p><blockquote>该公司由董事长 Israel Englander 领导，他在美国证券交易所担任场内经纪人、交易员和期权专家后，以 3500 万美元的资本创立了 Millennium。</blockquote></p><p> <b>Davidson Kempner Capital Management</b></p><p><blockquote><b>戴维森肯普纳资本管理公司</b></blockquote></p><p> Davidson Kempner Capital Management is based in New York and has affiliate offices in London, Hong Kong and Dublin. The company began managing capital for investors in 1987. It focuses onbankruptcies, convertible arbitrage, merger arbitrage, distressed investments, event-driven equities andrestructuringsituations.</p><p><blockquote>Davidson Kempner Capital Management 总部位于纽约，在伦敦、香港和都柏林设有附属办事处。该公司于1987年开始为投资者管理资本。它专注于破产、可转换套利、合并套利、不良投资、事件驱动的股票和重组情况。</blockquote></p><p> As of January 31, 2021, Davidson Kempner had $34.8 billion under management and its net assets under management were $33.1 billion.</p><p><blockquote>截至2021年1月31日，Davidson Kempner管理着348亿美元，其管理的净资产为331亿美元。</blockquote></p><p> <b>Citadel Advisors</b></p><p><blockquote><b>城堡顾问</b></blockquote></p><p> Citadel Advisors is based in Chicago and focuses on equities, fixed income and macro, commodities, credit and quantitative strategies.</p><p><blockquote>Citadel Advisors 总部位于芝加哥，专注于股票、固定收益和宏观、商品、信贷和量化策略。</blockquote></p><p> As of March 31, 2021, Citadel had $33.1 billion in assets under management.</p><p><blockquote>截至2021年3月31日，Citadel管理着331亿美元的资产。</blockquote></p><p> In 1987, founder Kenneth Griffin began trading from his dorm room as a 19-year-old sophomore at Harvard University. He founded Citadel in 1990.</p><p><blockquote>1987 年，创始人肯尼斯·格里芬 (Kenneth Griffin) 在哈佛大学 19 岁的大二学生时，开始在宿舍里进行交易。他于1990年创立了Citadel。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.investopedia.com/articles/personal-finance/011515/worlds-top-10-hedge-fund-firms.asp?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral\">Investopedia</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":{},"source_url":"https://www.investopedia.com/articles/personal-finance/011515/worlds-top-10-hedge-fund-firms.asp?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139439438","content_text":"Hedge fundsare alternative investments that use a variety of methods such as leveragedderivatives, short-selling, and other speculative strategies to earn a return that outperforms the broader market. Hedge funds invest in domestic and international markets alike. They typically impose $1 million minimums and targethigh-net-worth individuals,pension funds, and institutional investors.\nAs a result, hedge funds invariably carry higher risk than traditional investments. They are not subject to the same regulations asmutual fundsand may not be required to file reports with theU.S. Securities and Exchange Commission(SEC).\nThe following 10 hedge fund firms dominate the space, based on totalassets under management(AUM) as of June 2021.\nThe World’s Top 10 Hedge Fund FirmsBlackrock Advisors\nBlackrock Advisors\nBlackRock (BLK) is a New York-based investment manager that manages trillions in assets. The largest BlackRock entity, BlackRock Fund Advisors, has been in operation since 1984 and oversees $1.9 trillion in assets.\nBlackRock Financial Management was founded in 1994 and oversees $2.25 trillion. BlackRock Advisors, its internal hedge fund, started in 1994 and now handles $789.57 billion.\nAQR Capital Management\nAQR Capital Management is based in Greenwich, Conn., and usesquantitative analysisto develop financial models focused on value and momentum investing. ACR implements its strategies via mutual funds, a type of mutual offered in Europe known asUndertakings for Collective Investment in Transferable Securities, and sponsored funds and managed accounts.\nAs of March 31, 2020, AQR had $164billion under management. It also earned advisory feeds on another $224.8 billion in assets.\nCliff Asness founded the company along with partners John Liew, Robert Krail, and David Kabiller. The four had worked together on a hedge fund at Goldman Sachs. AQR launched its Absolute Return fund in August 1998, the same monthLong Term Capital Managementimploded.\nBridgewater Associates\nBridgewater Associates is based in Westport, Conn., and provides services to pension funds, foreign governments, central banks,university endowments, charitable foundations, and other institutional investors.6Co-chair and co-chief investment officer Ray Dalio founded the firm in 1975 from his two-bedroom New York apartment.\nThe company offers four main funds:\n\nPure Alpha, which focuses on active investment strategy\nPure Alpha Major Markets, which targets a subset of opportunities that the Pure Alpha fund invests in\nAll Weather, which uses an asset allocation strategy\nOptimal Portfolio, which combines aspects of the All Weather fund with active management\n\nAs of March 27, 2021, the fund had $154 billion under management.\nRenaissance Technologies\nRenaissance Technologies is a New York-based quantitative hedge fund that uses mathematical and statistical methods to uncover technical indicators that drive its automated trading strategies. Renaissance applies these strategies to U.S. and international equities, debt instruments,futures contracts,forward contractsandforeign exchange.\nAs of June 3, 2021, the fund had $130 billion under management.\nMathematician Jim Simons founded Renaissance Technologies in 1982.Forbeslists Simons as the 68th wealthiest person in the world as of Jan. 13, 2021, worth $23.5 billion. Mathematician Peter Brown is the current chief executive.\nMan Group\nThis British hedge fund has more than 230 years of trading experience. It started in 1784 as an exclusive supplier of rum to the Royal Navy, later getting into the sugar, coffee and cocoa trading business.\nAs of December 31, 2020, Man Group had $123.6 billion in assets under management. \nElliott Management\nElliot Management describes its investment mandate as \"extremely broad\" and encompassing of almost every asset type:distressed securities, equities, hedging andarbitragepositions, commodities, real estate-related securities, etc. In August 2019, Elliot acquired book retailer Barnes & Noble. It had earlier acquired British bookseller Waterstones. The company is based in New York and was founded by Paul Singer in 1977.\nAs of December 31, 2019, Elliot had $73.5 billion in assets under management and $40 billion of net assets under management on a discretionary basis.\nTwo Sigma Investments\nTwo Sigma Investments is based in New York and was founded by John Overdeck and David Siegel in April 2002. The company uses quantitative analysis to build mathematical strategies that rely on historical price patterns and other data.\nAs of March 31, 2021, Two Sigma Investments had $68.9 billion under management.\nMillennium Management\nMillennium Management is based in New York and was founded in 1989. The company offers discretionary advisory services to private funds.\nAs of December 31, 2019, Millennium had $42 billion under management.\nThe company is lead by Chair Israel Englander, who founded Millennium with $35 million in capital following a career as a floor broker, trader, and options specialist on theAmerican Stock Exchange.\nDavidson Kempner Capital Management\nDavidson Kempner Capital Management is based in New York and has affiliate offices in London, Hong Kong and Dublin. The company began managing capital for investors in 1987. It focuses onbankruptcies, convertible arbitrage, merger arbitrage, distressed investments, event-driven equities andrestructuringsituations.\nAs of January 31, 2021, Davidson Kempner had $34.8 billion under management and its net assets under management were $33.1 billion.\nCitadel Advisors\nCitadel Advisors is based in Chicago and focuses on equities, fixed income and macro, commodities, credit and quantitative strategies.\nAs of March 31, 2021, Citadel had $33.1 billion in assets under management.\nIn 1987, founder Kenneth Griffin began trading from his dorm room as a 19-year-old sophomore at Harvard University. 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