Hedge funds represent a distinctive investment style. Their investment objectives, and their strategies, are very different from more traditional funds. They emphasize absolute return rather than relative return, and they use a very wide range of investment techniques including leverage, short selling, and other hedging strategies in the attempt to achieve their objectives. Hedge funds also represent a distinctive investment culture. Hedge fund management firms tend to be small firms dominated by one or two key investment people. The hedge fund culture is part of the “smaller-is-better” culture. In addition, hedge funds give a new twist to the relationship between the money manager and the client. The client does not merely hire the manager. [download]
Format : Ebook.Pdf
Tidak ada komentar:
Posting Komentar