Phân tích tư tưởng của nhân dân qua đoạn thơ: Những người vợ nhớ chồng… Những cuộc đời đã hóa sông núi ta trong Đất nước của Nguyễn Khoa Điềm
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The dominant nature of this long-short or spread trading
activity explains why hedge funds do so well in market
downturns (i.e. it is not directional). But it also explains why
leverage needs to be relatively high: investing in a strong
stock market generates strong returns, while investing in a
low-risk spread in a long-short strategy does not. So the
trade has to be levered up a number of times in order for the
spread trades to generate competitive returns (while keeping
the benefit of avoiding directional risk in the market).
This understanding of how the various styles work,
together...
Nội dung trích xuất từ tài liệu:
An Overview of Hedge Funds and Structured Products: Issues in Leverage and Risk
