\nUnul dintre cele mai vechi fonduri speculative din lume s-a confruntat cu retrageri de 150 de miliarde de dolari pe parcusul ultimilot 5 ani, pe m\u0103sur\u0103 ce investitorii s-au s\u0103turat de incapacitatea fondului de a profita economice, scrie FT.<\/p>\n
\nA\u015fa numitele \u201eequity long-short funds\u201d cump\u0103r\u0103 ac\u0163iuni despre care sper\u0103 c\u0103 vor performa bine \u00een viitor \u015fi pariaz\u0103 \u00eempotriva celor care vor evolua prost. Cu toate acestea, performan\u0163elor fondurilor au fost slabe, fiind \u00een 9 din 10 ani sub performan\u0163ele pie\u0163ei americane, conform Nasdaq eVestment.<\/p>\n
\nRetragerile \u015fi slabele performan\u0163e marcheaz\u0103 c\u0103derea dizgra\u0163ia investitorilor precum Tiger Management\u2019s de\u0163inut de Julian Robertson, GLG\u2019s Pierre Lagrange, respectiv Egerton\u2019s John Armitage.<\/p>\n
\nStrategia inventat\u0103 \u00een 1949 de Alfred Winslow Jones, creditat ca fiind primul manager al unui fond speculativ din lume, presupunea ca fondurile s\u0103 parieze \u00eempotriva fluctua\u0163iilor pie\u0163ei, at\u00e2t pe ac\u0163iunile care performau bine c\u00e2t \u015fi pe cele care performau slab.<\/p>\n
\nIni\u0163ial, strategia oferea randamente bune \u00een anii 90\u2019, conform datelor HFR, multe fonduri profit\u00e2nd de bula dot-com. Aceasta a mai func\u0163ionat \u015fi \u00een timpul crizei financiare globale.<\/p>\n
\nDe atunci, multe fonduri de investi\u0163ii speculative au fost dificult\u0103\u0163i din cauza pie\u0163elor dominate de b\u0103ncile centrale \u015fi a dob\u00e2nzilor mici.<\/p>\n
\nUn investitor care a investit 100 de dolari \u00een fondurile speculative pe termen lung acum 10 ani, \u00een prezent ar avea 163 de dolari fa\u0163\u0103 de Vanguard\u2019s S&P 500, unde acum ar fi avut 310 dolari.<\/p>\n
\n\u201eNu trebuie ca fondurile de investi\u0163ii speculative s\u0103 bat\u0103 S&P \u00een fiecare an, dar vrei ca acestea s\u0103 bat\u0103 indicele pe o perioad\u0103 mai lung\u0103\u201d, a explicat un specialist \u00een fonduri de pensii.<\/p>\n","protected":false},"excerpt":{"rendered":"
Unul dintre cele mai vechi fonduri speculative din lume s-a confruntat cu retrageri de 150 de miliarde de dolari pe parcusul ultimilot 5 ani, pe m\u0103sur\u0103 ce investitorii s-au s\u0103turat de incapacitatea fondului de a profita economice, scrie FT. A\u015fa numitele \u201eequity long-short funds\u201d cump\u0103r\u0103 ac\u0163iuni despre care sper\u0103 c\u0103 vor performa bine \u00een viitor […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[9426,56888,56889,56887,7633,14282,7505],"class_list":["post-223975","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-declin","tag-hedge","tag-hedge-fund","tag-investii-speculative","tag-investitori","tag-retrageri","tag-sp"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/223975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=223975"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/223975\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=223975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=223975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=223975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}