[资本市场和金融机构].8-2讲义教材.pptVIP

2. Hedge Funds An unregistered investment company that pools resources from wealthy individuals and FIs which invest the funds on their behalf. Manager is paid 1 or 2% of fund assets, and 20% to 40% of profits realized by the fund’s investment strategy. Investors: Wealthy individuals, pension funds, insurance companies, university endowment fund Less regulated than MFs. Hedge Funds suffered heavy loses during 2008 According to Hedge Fund Research About 700 funds closed in the first three quarters of 2008 (up over 70 percent from the same period last year) The average hedge fund l