including GeorgeThe quantum Fund

Macro hedging strategy Fund is a world-wide through the stock, currency, interest rate and commodity price fluctuations in the market for leveraged bet gets high yield Fund. Was a Fund of hedge funds operate in the most successful star wars the old republic power leveling, most notably, such funds shot to Fame depends primarily on some star Fund Manager of the successful operation, including GeorgeThe quantum Fund, and JulianMacro hedge fund case is represented by the quantum Fund sweep pound attack. 　　Main capital stocks (eleven-twenty fifths) unit fled to cut meat must regret having sudden boom is not likely in a move investors Gospel: hold stocks saved! ~21 the beginning of the century is macro hedge fund in the late 20th century "The failure of Guan-Yu" stage. 1998Macro hedge fund, 2000, 2001 and 2002 average yields of no more than two decimal places, 2000 average yields of less than 2.5%. Classic case is the Tiger Fund's closure and reorganization of the quantum Fund. Soros said: "we are now beginning to realize that, giant hedge fund like quantum Fund is no longer the managementThe best way to fund. Market has become so extreme instability, traditional measurements of value at risk method is not applicable anymore. "Macro hedge fund performance 2008 there was a twist. Overall global market decline of 20% at that time, all policy is negative, only macro hedge fund is up 4.83%. HFR, Director of research and the Asia-Pacific totalPrison Gu Jia told the business daily the financial literacy of reporters, mainly due to the macroeconomic policy at the time the relationship between asset and stock market trading is not very big, so when the market crash, macro-policy has played a role of risk aversion. In 2010, short sterling reputation helped Soros hedge fund manager of the great noise StanleyEY Druckenmiller) announces retirement, and close the Duquesne Capital Management hedge fund company in operation for 30 years. As one of the most successful global macro hedge fund manager, he was in charge of the Duquesne funds in 30 years has never made negative income. On his retirementBecause of their performance in the 2010 market fluctuations during was disappointed and was confused about the contradictory signals on the market. In July 2011, Soros Soros Fund management company announced its will by the end of return outside investors of nearly $ 1 billion in cash. "Macro hedge Kings" waved goodbye to their active for decades in successionThe stage, but also many people again began to worry about macro hedge funds in the future. According to data of the HFR, first half of 2011, rose 0.76% in the hedge fund industry under the circumstances, macro-policy index funds decreased by 2.22%, worst in all policies. However in the hedge fund industry in the third quarter of this year fell 6.2%Conditions, macro hedging strategy is up 0.6%. "Macro hedging strategies for the recent poor performance there may be two reasons. "Sun Wendi, a researcher told reporters, macro hedge fund mainly macro-economic trends-judgment on the one hand, this requires macroeconomic trends show some continuity, and long cycles. The most recent period global macroComparison of economic fluctuations, reflecting economic cycles than shorter, on the other hand, too many hedge funds have taken macro-macro hedging strategies of hedging strategy will also reduce earnings. From the assets, though the third quarter of 2011 macro hedging strategies are a constant growth in assets of the Fund, but its share of the entire industry was "the decline". Last century 90 yearsGeneration, macro hedge funds, and take the assets of the industry-wide for half the share without even one-fourth to now, and it is from the 2000 level of rock bottom after a significant rally. But the richer than author SebastianSlightly hard to replace. "Macro hedge fund managers on the macro-analysis of the situation, it's not like software can replace calculation of quantitative investing relies on, subjective analysis of needs is, in fact, it would be difficult to replace. "From this perspective, might there also be like George Soros and JulianGeorge1997 international financial speculators, led by George Soros set off a wave of selling the baht, which was considered directly caused the financial crisis in Southeast Asia. When Malaysia Prime Minister Mahathir said it is "lurking in the financial markets in a vicious beast". But Soros in 1997 against short selling the Hong Kong dollar and the financial markets in Hong Kong the Hang Seng index futures, under the Hong Kong Special Administrative Region Government counterattack, Ended in failure.　　Soros's core investment thesis is "reflective" simply refers to an interaction between investors and the market. JulianAlongside the quantum Fund. The late 80 early 90 's, after Julian accurately predicted the fall of the Berlin wall Germany stock market bull, while short selling bubble topped Japan stock market. In 1992, he predicted the global bond market calamity. In 1993, the Tiger fund management company owned by hedge fundDash; Tiger Fund (together with the quantum Fund) Sterling, Lira the attack was successful, and huge gains in this action.　　In 1998, its total assets reached US $ 23 billion in peak, became the United States the largest hedge funds.　　The second half of 1998, Tiger Fund investments in a series of failures swtor power leveling, from this decline. To 200031st Robertson in Tiger peak drops to $ 6.5 billion from us $ 23 billion of the Fund of last resort announced the end of its six hedge funds in the context of all the business. BruceCiates) of the fortress.　　Graduated from Harvard University's Kennedy School of Government kefuna have hope for the active political scene in his early years, but political career wasn't working very well, then turn to capital markets. In 1983 he formed Caxton Fund. The Fund is by looking at more than one region of the economic and political nature of the macroeconomic cycle, capturing every economic cycleProperty transactions in the areas of asset classes.　　He and Finance Minister had personally in many countries, which enabled him to more accurately understand what States will take the monetary and fiscal policy, which is very useful to protect its position in the foreign exchange market. PaulIddot; in 1984 for $ 1.5 million had created the Tudor Jones Futures Fund. October 19, 1987 "Black Monday" can be said that investor's nightmare, they witnessed the history of the recurrence of the global stock market crash of 1929. However, in the same month, Tudor managed futures funds by Jones, has earned 62% return on investment。 Jones before the stock market crash has created a lot of stock index futures, in addition, he also obtained in bond proceeds. Jones recalls the day when conditions remarked that "in the stock market crash the same day, held my hand in my life the largest bond positions. Because the bond is really bad, so I'm not a lot of holding a long position. Later, in the last half hour of the crossEasy time, bonds started up, so I'll follow up, the results make a fortune. "(LIU Tian finishing)