對沖基金（hedge fund）

閱讀筆記：

• Hedge funds don’t hedge. Indeed, they do more or less the op-posite. To hedge, says Webster’s, is “to try to avoid or lessen loss by making counterbalancing bets, investments, etc.” That is, one hedges in order to make sure that market fluctuations do not affect one’s wealth.
  
  What hedge funds do, by contrast, is precisely to try to make the most of market fluctuations....（資料來源：《面對失靈的年代：克魯曼談金融海嘯》（The Return of Depression Economics and the Crisis of 2008））

• 幾年前，對沖基金開始開放投資人投資時，一小群經理人運用一套混合買進股票的策略。這些基金之所以叫對沖，是因為經理人把投資組合 （portfolios）分為市場上漲就會獲利的股票多頭部位（long positions），以及市場下跌就會獲利的股票空頭部位（short positions）兩部分。（資料來源：Soros: The Life, Ideas, and Impact of the World's Most Influential Investor）