轩羊羊 · 2023年01月30日

No.PZ202206260100000501 来源: Handbook The description of the Gemini Fund strategy in its OM suggests the fund’s style most likely is: 您的回答B, 正确答案是: A A short biased. B 不正确 activist short selling. C dedicated short selling.

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NO.PZ202206260100000501

问题如下：

The description of the Gemini Fund strategy in its OM suggests the fund’s style most likely is:

选项：

A.short biased. B.activist short selling. C.dedicated short selling.

解释：

Solution

A is correct. The key focus of the Gemini Fund is to short securities it believes will decline in price. The fund has many of the characteristics of a short-biased hedge fund. Gemini is on average net short. Activist short-selling funds take short positions and publicly share their negative fundamental views. Dedicated short-selling funds take only short positions. Gemini maintains modest long positions to offset a bull market drag on performance.

B is incorrect. Activist short-selling funds take short positions and publicly share their negative fundamental views.

C is incorrect. Dedicated short-selling funds take only short positions, whereas Gemini also maintains value-oriented long positions.

请问active short selling 与 short biased 区别是什么，谢谢

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已采纳答案

伯恩_品职助教 · 2023年01月30日

嗨，努力学习的PZer你好：

请问active short selling 与 short biased 区别是什么，谢谢——active short selling ，基金经理在某一特定证券中持有空头头寸，然后公开展示他们的认为的会下跌的研究结果，以支持该空头论文。教材这块没有明说，是用的 short biased还是Dedicated short-selling，通过描述大概率是Dedicated short-selling，哪怕仅仅就说是不确定是哪个。暂时姑且认为这两个是有交集吧，active short selling有可能用的是short biased也可能是Dedicated short-selling

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