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目前国际上关于对冲基金还没有形成一个统一的定义。IMF的定义是:对冲基金是私人投资组合,常离岸设立,充分利用税收和管制的好处。对冲基金研究机构的定义是:投资于多种资产,一定利用杠杆效应,在其投资组合内运用各种套利技术。这些不同的定义揭示了对冲基金的基本特点:一是与其他机构投资相比,对冲基金是通过非公开方式向特定投资者募集资金,因此在投资策略上享有更大的自由度。例如,它可以在证券市场建立空头头寸并使用衍
At present, there is no unified definition of hedge fund in the world. IMF is defined as: hedge funds are private investment portfolio, often set up offshore, take full advantage of tax and regulatory benefits. Hedge fund research institutes are defined as investing in a variety of assets that leverage the leverage effect and utilize various arbitrage technologies within their portfolios. These different definitions reveal the basic characteristics of hedge funds. One is that hedge funds have more freedom to invest in strategies than non-public funds that are raised to specific investors as compared to other institutional investments. For example, it can establish short positions in securities markets and use derivatives