{"id":2628,"date":"2024-10-04T02:33:10","date_gmt":"2024-10-03T18:33:10","guid":{"rendered":"https:\/\/www.kafeizha.com\/?p=2628"},"modified":"2024-10-04T02:33:10","modified_gmt":"2024-10-03T18:33:10","slug":"%e6%b5%b7%e5%a4%96%e5%af%b9%e5%86%b2%e5%9f%ba%e9%87%91%e5%af%86%e9%9b%86%e5%b8%83%e5%b1%80%e4%b8%ad%e5%9b%bd%e8%82%a1%e5%b8%82%e4%bb%a5%e6%b1%82%e6%8a%95%e8%b5%84%e6%95%9e%e5%8f%a3","status":"publish","type":"post","link":"https:\/\/news.tomjun.com\/?p=2628","title":{"rendered":"\u6d77\u5916\u5bf9\u51b2\u57fa\u91d1\u5bc6\u96c6\u5e03\u5c40\u4e2d\u56fd\u80a1\u5e02\u4ee5\u6c42\u6295\u8d44\u655e\u53e3"},"content":{"rendered":"

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\u7f8e\u56fdMount Lucas Management\u7b49\u57fa\u91d1\u673a\u6784\u5df2\u5efa\u7acb\u591a\u5934\u4ed3\u4f4d\u4e8e\u4e2d\u56fd\u4ea4\u6613\u6240\u4ea4\u6613\u8bc1\u5238\u3002\u6765\u81ea\u65b0\u52a0\u5761\u7684GAO Capital\u4ee5\u53ca\u97e9\u56fd\u7684Timefolio Asset Management\u4e5f\u52a0\u5165\u6b64\u884c\u5217\uff0c\u8d2d\u4e70\u4e2d\u56fd\u80a1\u7968\u3002\u6089\u5c3c\u7684Tribeca Investment Partners\u5219\u4e70\u5165\u4e86\u5982\u6fb3\u5927\u5229\u4e9a\u77ff\u4e1a\u516c\u53f8\u7b49\u4ee3\u7406\u6301\u80a1\u3002<\/p>\n

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\u5728\u5047\u671f\u524d\u540e\uff0c\u4e2d\u56fd\u5927\u9646\u80a1\u5e02\u8868\u73b0\u5f3a\u52b2\uff0c\u8fd9\u5f97\u76ca\u4e8e\u6295\u8d44\u8005\u5bf9\u4e2d\u56fd\u5b9e\u65bd\u4e00\u63fd\u5b50\u523a\u6fc0\u653f\u7b56\u548c\u63f4\u52a9\u63aa\u65bd\u7684\u671f\u671b\u3002\u9999\u6e2f\u5e02\u573a\u4e0a\u5e02\u7684\u5185\u5730\u80a1\u7968\u5728\u672c\u5468\u4e09\u4e5f\u5f55\u5f97\u5927\u5e45\u4e0a\u6da8\uff0c\u8fdb\u4e00\u6b65\u6fc0\u53d1\u4e86\u5bf9\u4e2d\u56fd\u7ecf\u6d4e\u590d\u82cf\u524d\u666f\u7684\u4fe1\u5fc3\u3002\u5728\u8fd9\u4e00\u80cc\u666f\u4e0b\uff0c\u5168\u7403\u57fa\u91d1\u673a\u6784\u5f00\u59cb\u5927\u91cf\u8d2d\u4e70\u4e9a\u6d32\u80a1\u7968\uff0c\u5c24\u5176\u662f\u4e2d\u56fd\u548c\u9999\u6e2f\u80a1\u7968\u3002\u636eGoldman Sachs\u96c6\u56e2\u7684\u79c1\u52df\u4ea4\u6613\u6570\u636e\u663e\u793a\uff0c\u57289\u6708\u671f\u95f4\uff0c\u4e9a\u6d32\u80a1\u5e02\u51fa\u73b0\u4e86\u51c0\u4e70\u5165\u73b0\u8c61\u3002<\/p>\n

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\u5728\u65b0\u52a0\u5761\uff0cBlue Edge Advisors\u6b63\u6301\u5ba1\u614e\u6001\u5ea6\u770b\u5f85\u8fd9\u4e00\u6ce2\u884c\u60c5\u3002\u201c\u8003\u8651\u5230\u80cc\u540e\u7684\u8bf8\u591a\u8d28\u7591\u56e0\u7d20\uff0c\u6211\u4eec\u91c7\u53d6\u6e10\u8fdb\u7b56\u7565\u3002\u201d\u8be5\u57fa\u91d1\u7ecf\u7406Calvin Yeoh\u8868\u793a\uff0c\u5176\u65d7\u4e0b\u57fa\u91d1\u901a\u8fc7\u671f\u8d27\u7b49\u884d\u751f\u54c1\u6301\u6709\u4e2d\u56fd\u80a1\u7968\u655e\u53e3\u3002<\/p>\n

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\u6709\u5206\u6790\u5e08\u5bf9\u6b64\u6301\u79ef\u6781\u770b\u6cd5\uff1a\u201c\u4e2d\u56fd\u5e02\u573a\u7684\u8d1f\u9762\u60c5\u7eea\u4f3c\u4e4e\u8fbe\u5230\u4e86\u9876\u70b9\u3002\u201d\u6765\u81eaTimefolio Asset Management\u7684\u57fa\u91d1\u7ecf\u7406\u89e3\u91ca\u9053\uff0c\u201c\u524d\u6240\u672a\u6709\u7684\u63aa\u65bd\u663e\u793a\u4e86\u5f53\u5c40\u89e3\u51b3\u9762\u4e34\u95ee\u9898\u7684\u51b3\u5fc3\uff0c\u4ece\u800c\u4e3a\u5e02\u573a\u5e95\u90e8\u63d0\u4f9b\u652f\u6301\u3002\u201d<\/p>\n

\u7136\u800c\uff0c\u5bf9\u4e8e\u5e02\u573a\u6301\u7eed\u6027\u6301\u6709\u8c28\u614e\u6001\u5ea6\u7684\u4eba\u58eb\u8ba4\u4e3a\uff0c\u5982\u653f\u5e9c\u672a\u80fd\u5b9e\u65bd\u65e2\u5b9a\u8ba1\u5212\uff0c\u8fd9\u6ce2\u4e0a\u6da8\u884c\u60c5\u53ef\u80fd\u96be\u4ee5\u6301\u7eed\u3002\u957f\u671f\u4f4e\u8ff7\u7684\u4e2d\u56fd\u80a1\u5e02\u72b6\u6001\u4ee5\u53ca\u8fd1\u671f\u7684\u901a\u7f29\u538b\u529b\u6253\u51fb\u4e86\u8bb8\u591a\u6295\u8d44\u5de8\u5934\uff0c\u5305\u62ecT. Rowe Price\u96c6\u56e2\u7b49\uff0c\u5728\u67d0\u4e9b\u60c5\u51b5\u4e0b\u5bfc\u81f4\u90e8\u5206\u5bf9\u51b2\u57fa\u91d1\u5173\u95ed\u3002<\/p>\n

\u65b0\u52a0\u5761\u5730\u533a\u7684Blue Edge Advisors\u6b63\u5728\u91c7\u53d6\u66f4\u52a0\u8c28\u614e\u7684\u65b9\u5f0f\u770b\u5f85\u5f53\u524d\u5e02\u573a\u60c5\u51b5\u3002\u201c\u8003\u8651\u5230\u5e02\u573a\u7684\u4e0d\u786e\u5b9a\u6027\u4e0e\u6311\u6218\uff0c\u6211\u4eec\u6b63\u91c7\u53d6\u9010\u6b65\u4ecb\u5165\u7b56\u7565\u3002\u201d\u8be5\u57fa\u91d1\u7ecf\u7406\u5f3a\u8c03\u5176\u5bf9\u4e8e\u80a1\u5e02\u672a\u6765\u8d70\u52bf\u7684\u4fe1\u5fc3\uff0c\u540c\u65f6\u4e5f\u8868\u793a\u8fd9\u4e00\u6ce2\u4e0a\u6da8\u884c\u60c5\u80fd\u6301\u7eed\u591a\u4e45\u5c06\u53d6\u51b3\u4e8e\u7f8e\u56fd\u5927\u9009\u7684\u7ed3\u679c\u53ca\u4e2d\u7f8e\u8d38\u6613\u5173\u7cfb\u7684\u8d70\u5411\u3002 <\/p>\n

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\u65b0\u95fb\u6765\u6e90\uff1a<\/b>www.bloomberg.com
\u539f\u6587\u5730\u5740\uff1a<\/b>Hedge Funds Pile Into China Looking for Any Way to Gain Exposure<\/a>
\u65b0\u95fb\u65e5\u671f\uff1a<\/b>2024-10-02
\u539f\u6587\u6458\u8981\uff1a<\/b><\/font><\/p>\n

Hedge funds are piling into Chinese stocks at a record pace on bets Beijing\u2019s stimulus blitz will speed up the recovery of the nation\u2019s struggling economy. US-based Mount Lucas Management has entered into bullish positions on China exchange-traded , while Singapore\u2019s GAO Capital and South Korea\u2019s Timefolio Asset Management are buying Chinese  stocks. Tribeca Investment Partners in Sydney is snapping up proxies such as Australian miners.\u201cThere are many people that hated the space or were sick of it after many false starts, and are now looking to buy,\u201d said , chief investment officer at Pennsylvania-based Mount Lucas, who has also entered into call spreads for companies such as JD.com Inc. across some funds. \u201cStocks often bottom and rally hard before the economy does.\u201dMainland Chinese stocks entered a  on Monday before a week-long break, posting their biggest surge since 2008 on optimism Beijing\u2019s cocktail of stimulus and policy aid will pull the economy out of its malaise. Their Hong Kong-listed peers  a rally Wednesday. Hedge funds were among the major buyers, making net purchases of Asian stocks in September, led by China and Hong Kong, according to data from Goldman Sachs Group Inc.\u2019s prime brokerage desk. The bounceback is fueling optimism the three-year run of losses for Chinese shares is over. The market, which saw almost  wiped out from a 2021 high through to mid-September, is suddenly attracting many of the biggest names in the fund industry. Billionaire investor  is buying more of \u201c\u201d related to China, while the world\u2019s biggest money manager, BlackRock Inc., is now  Chinese shares.The rally has been so frantic that some quantitative hedge funds that had taken short positions are being said to face . Some money managers have also imposed  on how much retail investors can buy amid a deluge of interest. Investors \u201cdon\u2019t even need to stock pick now,\u201d said , chief executive at GAO Capital, a multi-strategy hedge fund. \u201cWe had lowered our net exposure in China with arbitrage strategies previously but shifted back to long,\u201d she said. While Chinese shares are currently outperforming their global peers, some investors remain concerned the rally may be short-lived should the government fail to follow up on its present initiatives.The prolonged slump in the nation\u2019s equities \u2014 fueled by a housing market crisis and deflation \u2014 has hammered the China  of investment titans such as T. Rowe Price Group and helped shutter hedge funds like Asia Genesis Asset Management Pte.In Singapore, Blue Edge Advisors is approaching the rally with caution. \u201cWe\u2019re taking it slow because of the skepticism involved,\u201d said fund manager Calvin Yeoh, whose firm has some exposure to Chinese stocks through derivatives such as futures on the FTSE China A50 . In commodity-reliant Australia, Tribeca\u2019s  is buying mining stocks such as Fortescue Ltd. as proxies to the Chinese equity market. The Sydney-based money manager is still reserved about how long the latest rally can last, adding that much will also depend on the outcome of the US presidential election and the possibility of trade tariffs.\u201cIt\u2019s very hard to see it being sustained until we have clarity out of the US,\u201d she said.Others have more conviction. \u201cThe worst of negative China sentiment is over,\u201d said , a fund manager at Timefolio Asset Management in Singapore. \u201cThe unprecedented measures show the authorities\u2019 willingness to put a bottom on the issues they are facing.\u201d<\/pre>\n
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