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二三六七七九九 · 2021年09月12日

原版书

FoF and multi-strategy funds are designed to offer steady, low-volatility returns via their strategy diversification. Multi-strategy funds have generally outperformed FoFs but with more variance and occasional large losses often related to their higher leverage. low volatility和more variance不矛盾吗??该怎么理解?
1 个答案

伯恩_品职助教 · 2021年09月13日

嗨,从没放弃的小努力你好:


这个不矛盾的,一个是绝对的,一个相对的。

FoF and multi-strategy funds are designed to offer steady, low-volatility returns via their strategy diversification. ——这个是说它们都是通过分散化达到稳定、低波动。

Multi-strategy funds have generally outperformed FoFs but with more variance and occasional large losses often related to their higher leverage. low volatility和more variance——这个是说由于MSF 由于透明性更高,(相当于军事上情报都掌握了,那就敢于用兵)就敢用杠杆,杠杆比FOF高,就相对FOF来说,会有更高的波动。这个是相对的。

这种绝对和相对的,打个比方,马化腾和马云都太有钱, 但是马云可能比马化腾还是穷一点,但是马云穷吗?这样理解了吗?

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