以下是AIMA论文的在线摘要

简介

对冲基金已成为主流的一部分。大约每四美元就有一个。对冲管理
如今的基金由公共和私营部门的养老基金投资。这意味着对冲基金代表养老基金管理着超过7000亿美元的资产。对于整个机构投资者来说，这一数字上升到对冲基金管理的大约四分之三，超过2万亿美元。投资者结构的变化反映了过去10至20年间投资者对对冲基金的态度逐渐转变。就像股票和股票曾经被认为是
对于养老基金和其他机构投资者来说，风险太大了，因此投资对冲基金过去被认为是一种高度投机的追求，只有社会上最富有和最不愿承担风险的人除外。然而，对冲基金产品已经发展，该行业已经成熟，投资者对对冲基金的态度几乎在不知不觉中逐渐发生了变化。如今，许多对冲基金以其风险管理而非风险程度而闻名。最近的一项机构投资者调查询问，从对冲基金撤资会对他们的投资组合产生什么影响;80%的人回答说，这种情况会增加而不是减少他们面临的风险。2014年，来自养老金计划和其他投资者的大量资金流入，将全球对冲基金业管理的资产规模推高至创纪录水平。当投资者选择投资对冲基金时，他们会寻求各种好处，包括下行保护和多元化。已经发生的变化是，某些对冲基金产品的版本现在正在为散户投资者开发。随着对冲基金行业变得制度化，对冲基金变得更加开放和透明，而不那么复杂和不透明。这并不是一个持续增长或成功的故事。 2008 stands out as being the industry’s most challenging year to date. Performance losses exceeded $300 billion. During the fourth quarter alone, more than 750 hedge funds were liquidated and investors withdrew more than $150 billion, according to Hedge Fund Research. As markets seized up, some hedge funds imposed significant restrictions on investor withdrawals. Since 2008, discussions have continued to persist about the pace of progress on issues like portfolio transparency, fund governance, fee levels and other issues. Many pension fund trustees and fiduciaries at institutional investors have begun to ask questions about their existing or prospective hedge
基金分配。很少有人要求对对冲基金投资相关的收益(以及风险)进行现实评估。考虑到这一点，全球对冲基金行业机构另类投资管理华体会eBET真人协会(AIMA)和另类投资教育的全球领导者特许另类投资分析师协会(CAIA)发起了一项新倡议，我们将寻求帮助受托人和其他受托人更好地理解和管理这些风险和机遇。在这篇文章中，我们将发表关于对冲基金的系列文章的第一篇，我们将阐述投资对冲基金的主要好处和挑战。我们将讨论通常授予对冲基金经理的重大投资自由裁量权和自由度，以及这对投资者来说如何既是一种优势，又是一种挑战。我们将展示投资者从对冲基金中赚了多少钱，并将讨论对冲基金投资的表现、风险、波动性和其他相关因素。与此同时，我们将提供有关投资者如何管理投资对冲基金的问题和风险的实际指导。CAIA和AIMA有着令人自豪的共同历史。AIMA致力于发展行业技能和教育标准，是CAIA认证的联合创始人之一，CAIA认证是行业唯一针对另类投资专家的专业教育标准。华体会eBET真人CAIA协会成立于2002年，其使命一直是并将继续在全球范围内推广卓越的另类投资教育。华体会eBET真人 The alternatives market continues to grow at a rapid pace intensifying the need for a broad and content-rich curriculum. With the creation of the Fundamentals of Alternative Investments Certificate, CAIA programs, including the CAIA Charter designation, ensure financial professionals at all levels stay current and relevant. Our organisations believe that as the landscape for hedge funds and other alternative investments has changed in recent years, it has become vital that those professionals charged with managing, analysing, distributing, and regulating these products keep pace with a focus that has knowledge and education as its central tenet. This is particularly true of trustees and other non-investment professionals who perform a fiduciary role at institutions. They are the primary audience for this series of papers. Special thanks are due to AIMA's Investor Steering Committee for its support in the production of this series of papers. We hope that these publications will help to improve understanding of hedge funds, provide practical guidance on issues to consider, and ultimately be considered a trusted source for trustees and other fiduciaries wishing to learn more about this important area of finance.

杰克Inglis 首席执行官 宗旨

威廉•凯利 首席执行官 CAIA协会

执行概要

1. 来源:Preqin
2. 来源:Preqin