多空头股票策略在对冲基金中的运用分析

The Analysis of Long and Short Stock Strategy Used in Hedge Fund Arbitrage

本文研究运用多空头股票策略在对冲基金中套利问题。多空头股票投资组合具有低风险敞口的特点,在实际操作中,多空头股票对冲基金能够抵御市场系统风险,在上涨和下跌的市场条件下都能够获得绝对收益。从风险、收益这两个方面分析,多空头股票对冲基金是很有成效的一种投资策略。多空头股票对冲基金的整体表现好于股票市场指数和债券市场指数的表现,对冲基金并不比传统投资工具更"危险"。

The focus of this article is on how long and short stock strategy should be used in hedge fund arbitrage. By studying, the writer considers that long and short stock portfolio have the specificities of low risk exposure. In practice, long and short stock hedge fund can withstand market systematic risk. No matter whether it rises or de- clines, we can derive absolute return from long and short stock hedge fund. On analyzing risk and profit, we know that long and short stock hedge fund is quite effective investment strategies.