Tina: It is true. According to some recent reports, some traditional long-only funds, which used to dominate shareholder registers in the 1990s, will again becomeprominent.
Tom: Who typically invests in hedge funds anyway?
Tina: Most of the investors are large institutions such as commercial banks, insurance companies, registered investment companies, charitable organizations, corporations, or partnerships with assets in excess of $5 million. Some call this type of investors “accredited investors.”
Tom: Can an individual investor like me invest in hedge funds?
Tina: Only if your income exceeds $200,000 over the last two years. If you are married, you and your spouse’s joint income has to exceed $300,000 over this period. In addition, the same income level is expected in the current year.
Tom: What is the minimum investment?
Tina: It varies from fund to fund. A common starting range is between $250,000 and $500,000. Some well-established funds have much higher minimums, such as $10,000,000 or more, depending on the fund and manager.
Tom: No kidding. I suppose that if you can not afford to lose the money, then you should not invest in hedge funds at all. How about the fee structure?
Tina: It also varies. The most common fees are management and performance fees. Normally the management fee is collected in advance, and the performance fee is calculated annually.
【英语名词解析:避险基金Hedge Fund】相关文章:
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