Mr Lack places a good deal of the blame for this on investors who fail to ask tough enoughquestions and have not grasped that they want yesterday s returns without yesterday s risk.They invest money with the biggest, best-known funds that look nothing like those whoseaggregate performance they want to emulate. Instead investors should stand up tomanagers, negotiate more favourable terms and put their money into smaller funds, whichtend to perform better.
Lack将大部分指责都指向投资者,因为他们没有问足够深入的问题,并且没有意识到他们自己是在祈求 获得以前的回报却不希望承担对应的风险 。他们投资给最大,最有名的基金,而这些基金的累积表现跟投资者所希望模仿的表现相差甚远。投资者应该挑战经理们,跟他们协商一些更有利的条款,并将他们的钱放入小型基金里,因为这些小基金往往表现更好。
Mr Lack points out that large institutional investors always like to invest in bigger hedgefunds. That way they need not worry about being the bulk of a small fund s investor-base.But he offers no solution for these large investors, who cannot put big sums into the small,nimble funds that he touts. Nor does he analyse how hedge-fund performance compareswith other asset classes, such as private equity. As a result, the reader is left with a naggingunanswered question: would investors do better to avoid hedge funds altogether and, if so,where should they put their money in future?
【2015考研英语阅读对冲基金的成功】相关文章:
最新
2016-10-18
2016-10-11
2016-10-11
2016-10-08
2016-09-30
2016-09-30