Hedge funds: how do they operate?# Economics - 经济
q*i
1 楼
Hedge funds got their names in the 80's from its participation
in volatile securities. Hedge funds started originally by
exploiting pricing differences of (sometimes synthetically)
identical securities (so their positions are near-risk free,
or hedged).
One of the most common playgrounds is to "play" along the
yield curve of US government bonds. Later in the 80's,
as the junkbond market collapsed, hedge funds were major
investors/buyers of blown high yield deals / distressed
debt securities. At
in volatile securities. Hedge funds started originally by
exploiting pricing differences of (sometimes synthetically)
identical securities (so their positions are near-risk free,
or hedged).
One of the most common playgrounds is to "play" along the
yield curve of US government bonds. Later in the 80's,
as the junkbond market collapsed, hedge funds were major
investors/buyers of blown high yield deals / distressed
debt securities. At