+关注
aryu1901
暂无个人介绍
IP属地：未知
4
关注
0
粉丝
0
主题
0
勋章
主贴
热门
aryu1901
2021-06-25
Hi
抱歉，原内容已删除
aryu1901
2021-06-24
Great ariticle, would you like to share it?
World's Top 10 Hedge Fund Firms<blockquote>全球十大对冲基金公司</blockquote>
aryu1901
2021-06-24
Hi
The "Great Reset" Is Here, Part 1: The New Blueprint For Worldwide Inflation<blockquote>“大重置”来了，上篇：全球通胀新蓝图</blockquote>
去老虎APP查看更多动态
{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"4087373693822840","uuid":"4087373693822840","gmtCreate":1624271128501,"gmtModify":1624271128501,"name":"aryu1901","pinyin":"aryu1901","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.laohu8.com/default-avatar.jpg","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":0,"headSize":4,"tweetSize":3,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":1,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":11,"crmLevelSwitch":0,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":126878401,"gmtCreate":1624553887203,"gmtModify":1634004404204,"author":{"id":"4087373693822840","authorId":"4087373693822840","name":"aryu1901","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087373693822840","idStr":"4087373693822840"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/126878401","repostId":"2145804481","repostType":4,"isVote":1,"tweetType":1,"viewCount":1600,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128271105,"gmtCreate":1624521458107,"gmtModify":1634004922830,"author":{"id":"4087373693822840","authorId":"4087373693822840","name":"aryu1901","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087373693822840","idStr":"4087373693822840"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128271105","repostId":"1139439438","repostType":4,"repost":{"id":"1139439438","kind":"news","pubTimestamp":1624519904,"share":"https://www.laohu8.com/m/news/1139439438?lang=zh_CN&edition=full","pubTime":"2021-06-24 15:31","market":"us","language":"en","title":"World's Top 10 Hedge Fund Firms<blockquote>全球十大对冲基金公司</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139439438","media":"Investopedia","summary":"Hedge fundsare alternative investments that use a variety of methods such as leveragedderivatives, s","content":"<p>Hedge fundsare alternative investments that use a variety of methods such as leveragedderivatives, short-selling, and other speculative strategies to earn a return that outperforms the broader market. Hedge funds invest in domestic and international markets alike. They typically impose $1 million minimums and targethigh-net-worth individuals,pension funds, and institutional investors.</p><p><blockquote>对冲基金是另类投资，使用杠杆衍生品、卖空和其他投机策略等多种方法来赚取优于大盘的回报。对冲基金投资于国内和国际市场。他们通常规定100万美元的最低限额，并针对高净值个人、养老基金和机构投资者。</blockquote></p><p> As a result, hedge funds invariably carry higher risk than traditional investments. They are not subject to the same regulations asmutual fundsand may not be required to file reports with theU.S. Securities and Exchange Commission(SEC).</p><p><blockquote>因此，对冲基金总是比传统投资承担更高的风险。它们不受与共同基金相同的法规的约束，也可能不需要向美国提交报告。美国证券交易委员会（SEC）。</blockquote></p><p> The following 10 hedge fund firms dominate the space, based on totalassets under management(AUM) as of June 2021.</p><p><blockquote>根据截至2021年6月的管理总资产(AUM)，以下10家对冲基金公司在该领域占据主导地位。</blockquote></p><p> <b>The World’s Top 10 Hedge Fund Firms</b><b>Blackrock Advisors</b></p><p><blockquote><b>全球十大对冲基金公司</b><b>贝莱德顾问</b></blockquote></p><p> <b>Blackrock Advisors</b></p><p><blockquote><b>贝莱德顾问</b></blockquote></p><p> BlackRock (BLK) is a New York-based investment manager that manages trillions in assets. The largest BlackRock entity, BlackRock Fund Advisors, has been in operation since 1984 and oversees $1.9 trillion in assets.</p><p><blockquote>贝莱德(BLK)是一家总部位于纽约的投资管理公司，管理着数万亿资产。贝莱德最大的实体贝莱德基金顾问公司自1984年开始运营，管理着1.9万亿美元的资产。</blockquote></p><p> BlackRock Financial Management was founded in 1994 and oversees $2.25 trillion. BlackRock Advisors, its internal hedge fund, started in 1994 and now handles $789.57 billion.</p><p><blockquote>贝莱德金融管理公司成立于1994年，管理着2.25万亿美元的资产。其内部对冲基金BlackRock Advisors成立于1994年，目前管理着7895.7亿美元的资产。</blockquote></p><p> <b>AQR Capital Management</b></p><p><blockquote><b>AQR资本管理</b></blockquote></p><p> AQR Capital Management is based in Greenwich, Conn., and usesquantitative analysisto develop financial models focused on value and momentum investing. ACR implements its strategies via mutual funds, a type of mutual offered in Europe known asUndertakings for Collective Investment in Transferable Securities, and sponsored funds and managed accounts.</p><p><blockquote>AQR资本管理公司总部位于康涅狄格州格林威治，使用定量分析来开发专注于价值和动量投资的金融模型。ACR通过共同基金（一种在欧洲提供的共同基金，称为可转让证券集体投资企业）、赞助基金和管理账户来实施其战略。</blockquote></p><p> As of March 31, 2020, AQR had $164billion under management. It also earned advisory feeds on another $224.8 billion in assets.</p><p><blockquote>截至2020年3月31日，AQR管理着1640亿美元。它还获得了另外2248亿美元资产的咨询服务。</blockquote></p><p> Cliff Asness founded the company along with partners John Liew, Robert Krail, and David Kabiller. The four had worked together on a hedge fund at Goldman Sachs. AQR launched its Absolute Return fund in August 1998, the same monthLong Term Capital Managementimploded.</p><p><blockquote>克里夫·阿斯内斯与合伙人约翰·刘、罗伯特·克雷尔和大卫·卡比勒一起创立了这家公司。这四个人曾在高盛的一家对冲基金工作。AQR于1998年8月推出了绝对回报基金，同月Long Term Capital Managementimpload。</blockquote></p><p> <b>Bridgewater Associates</b></p><p><blockquote><b>桥水基金</b></blockquote></p><p> Bridgewater Associates is based in Westport, Conn., and provides services to pension funds, foreign governments, central banks,university endowments, charitable foundations, and other institutional investors.6Co-chair and co-chief investment officer Ray Dalio founded the firm in 1975 from his two-bedroom New York apartment.</p><p><blockquote>Bridgewater Associates总部位于康涅狄格州韦斯特波特，为养老基金、外国政府、中央银行、大学捐赠基金、慈善基金会和其他机构投资者提供服务。6联席主席兼联席首席投资官Ray Dalio于1975年在他位于纽约的两居室公寓中创立了该公司。</blockquote></p><p> The company offers four main funds:</p><p><blockquote>该公司提供四种主要基金：</blockquote></p><p> <ol> <li>Pure Alpha, which focuses on active investment strategy</li> <li>Pure Alpha Major Markets, which targets a subset of opportunities that the Pure Alpha fund invests in</li> <li>All Weather, which uses an asset allocation strategy</li> <li>Optimal Portfolio, which combines aspects of the All Weather fund with active management</li> </ol> As of March 27, 2021, the fund had $154 billion under management.</p><p><blockquote><ol><li>专注于主动投资策略的纯阿尔法</li><li>Pure Alpha Major Markets，针对Pure Alpha基金投资的机会子集</li><li>全天候，使用资产配置策略</li><li>最佳投资组合，将全天候基金的各个方面与主动管理相结合</li></ol>截至2021年3月27日，该基金管理规模为1540亿美元。</blockquote></p><p> <b>Renaissance Technologies</b></p><p><blockquote><b>文艺复兴技术</b></blockquote></p><p> Renaissance Technologies is a New York-based quantitative hedge fund that uses mathematical and statistical methods to uncover technical indicators that drive its automated trading strategies. Renaissance applies these strategies to U.S. and international equities, debt instruments,futures contracts,forward contractsandforeign exchange.</p><p><blockquote>Renaissance Technologies是一家总部位于纽约的量化对冲基金，它使用数学和统计方法来发现驱动其自动化交易策略的技术指标。Renaissance将这些策略应用于美国和国际股票、债务工具、期货合约、远期合约和外汇。</blockquote></p><p> As of June 3, 2021, the fund had $130 billion under management.</p><p><blockquote>截至2021年6月3日，该基金管理规模为1300亿美元。</blockquote></p><p> Mathematician Jim Simons founded Renaissance Technologies in 1982.<i>Forbes</i>lists Simons as the 68th wealthiest person in the world as of Jan. 13, 2021, worth $23.5 billion. Mathematician Peter Brown is the current chief executive.</p><p><blockquote>数学家Jim Simons于1982年创立了Renaissance Technologies。<i>福布斯</i>截至2021年1月13日，西蒙斯是世界上第68位最富有的人，身价235亿美元。数学家彼得·布朗是现任首席执行官。</blockquote></p><p> <b>Man Group</b></p><p><blockquote><b>Man集团</b></blockquote></p><p> This British hedge fund has more than 230 years of trading experience. It started in 1784 as an exclusive supplier of rum to the Royal Navy, later getting into the sugar, coffee and cocoa trading business.</p><p><blockquote>这家英国对冲基金拥有230多年的交易经验。它始于1784年，是皇家海军朗姆酒的独家供应商，后来进入糖、咖啡和可可贸易业务。</blockquote></p><p> As of December 31, 2020, Man Group had $123.6 billion in assets under management. </p><p><blockquote>截至2020年12月31日，英仕曼集团管理的资产为1236亿美元。</blockquote></p><p> <b>Elliott Management</b></p><p><blockquote><b>埃利奥特管理公司</b></blockquote></p><p> Elliot Management describes its investment mandate as \"extremely broad\" and encompassing of almost every asset type:distressed securities, equities, hedging andarbitragepositions, commodities, real estate-related securities, etc. In August 2019, Elliot acquired book retailer Barnes & Noble. It had earlier acquired British bookseller Waterstones. The company is based in New York and was founded by Paul Singer in 1977.</p><p><blockquote>Elliot Management将其投资任务描述为“极其广泛”，几乎涵盖了所有资产类型：不良证券、股票、对冲和套利头寸、大宗商品、房地产相关证券等。2019年8月，Elliot收购了图书零售商Barnes&Noble。它早些时候收购了英国书商Waterstones。该公司总部位于纽约，由保罗·辛格于1977年创立。</blockquote></p><p> As of December 31, 2019, Elliot had $73.5 billion in assets under management and $40 billion of net assets under management on a discretionary basis.</p><p><blockquote>截至2019年12月31日，Elliot管理的资产为735亿美元，全权管理的净资产为400亿美元。</blockquote></p><p> <b>Two Sigma Investments</b></p><p><blockquote><b>两个西格玛投资</b></blockquote></p><p> Two Sigma Investments is based in New York and was founded by John Overdeck and David Siegel in April 2002. The company uses quantitative analysis to build mathematical strategies that rely on historical price patterns and other data.</p><p><blockquote>Two Sigma Investments总部位于纽约，由John Overdeck和David Siegel于2002年4月创立。该公司使用定量分析来构建依赖于历史价格模式和其他数据的数学策略。</blockquote></p><p> As of March 31, 2021, Two Sigma Investments had $68.9 billion under management.</p><p><blockquote>截至2021年3月31日，Two Sigma Investments管理着689亿美元。</blockquote></p><p> <b>Millennium Management</b></p><p><blockquote><b>千禧管理</b></blockquote></p><p></p><p> Millennium Management is based in New York and was founded in 1989. The company offers discretionary advisory services to private funds.</p><p><blockquote>Millennium Management总部位于纽约，成立于1989年。该公司向私募基金提供全权委托咨询服务。</blockquote></p><p> As of December 31, 2019, Millennium had $42 billion under management.</p><p><blockquote>截至2019年12月31日，Millennium管理着420亿美元。</blockquote></p><p> The company is lead by Chair Israel Englander, who founded Millennium with $35 million in capital following a career as a floor broker, trader, and options specialist on theAmerican Stock Exchange.</p><p><blockquote>该公司由董事长Israel Englander领导，他在美国证券交易所担任场内经纪人、交易员和期权专家后，以3500万美元的资本创立了Millennium。</blockquote></p><p> <b>Davidson Kempner Capital Management</b></p><p><blockquote><b>戴维森·肯普纳资本管理公司</b></blockquote></p><p> Davidson Kempner Capital Management is based in New York and has affiliate offices in London, Hong Kong and Dublin. The company began managing capital for investors in 1987. It focuses onbankruptcies, convertible arbitrage, merger arbitrage, distressed investments, event-driven equities andrestructuringsituations.</p><p><blockquote>戴维森·肯普纳资本管理公司总部位于纽约，在伦敦、香港和都柏林设有分支机构。该公司于1987年开始为投资者管理资本。它重点关注破产、可转换套利、合并套利、不良投资、事件驱动的股票和重组情况。</blockquote></p><p> As of January 31, 2021, Davidson Kempner had $34.8 billion under management and its net assets under management were $33.1 billion.</p><p><blockquote>截至2021年1月31日，戴维森·肯普纳的管理资产为348亿美元，管理净资产为331亿美元。</blockquote></p><p> <b>Citadel Advisors</b></p><p><blockquote><b>城堡顾问</b></blockquote></p><p> Citadel Advisors is based in Chicago and focuses on equities, fixed income and macro, commodities, credit and quantitative strategies.</p><p><blockquote>Citadel Advisors总部位于芝加哥，专注于股票、固定收益和宏观、大宗商品、信贷和量化策略。</blockquote></p><p> As of March 31, 2021, Citadel had $33.1 billion in assets under management.</p><p><blockquote>截至2021年3月31日，Citadel管理的资产为331亿美元。</blockquote></p><p> In 1987, founder Kenneth Griffin began trading from his dorm room as a 19-year-old sophomore at Harvard University. He founded Citadel in 1990.</p><p><blockquote>1987年，创始人肯尼斯·格里芬(Kenneth Griffin)19岁时在哈佛大学大二学生的宿舍里开始交易。他在1990年创建了Citadel。</blockquote></p><p></p>","source":"lsy1606203311635","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>World's Top 10 Hedge Fund Firms<blockquote>全球十大对冲基金公司</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWorld's Top 10 Hedge Fund Firms<blockquote>全球十大对冲基金公司</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Investopedia</strong><span class=\"h-time small\">2021-06-24 15:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Hedge fundsare alternative investments that use a variety of methods such as leveragedderivatives, short-selling, and other speculative strategies to earn a return that outperforms the broader market. Hedge funds invest in domestic and international markets alike. They typically impose $1 million minimums and targethigh-net-worth individuals,pension funds, and institutional investors.</p><p><blockquote>对冲基金是另类投资，使用杠杆衍生品、卖空和其他投机策略等多种方法来赚取优于大盘的回报。对冲基金投资于国内和国际市场。他们通常规定100万美元的最低限额，并针对高净值个人、养老基金和机构投资者。</blockquote></p><p> As a result, hedge funds invariably carry higher risk than traditional investments. They are not subject to the same regulations asmutual fundsand may not be required to file reports with theU.S. Securities and Exchange Commission(SEC).</p><p><blockquote>因此，对冲基金总是比传统投资承担更高的风险。它们不受与共同基金相同的法规的约束，也可能不需要向美国提交报告。美国证券交易委员会（SEC）。</blockquote></p><p> The following 10 hedge fund firms dominate the space, based on totalassets under management(AUM) as of June 2021.</p><p><blockquote>根据截至2021年6月的管理总资产(AUM)，以下10家对冲基金公司在该领域占据主导地位。</blockquote></p><p> <b>The World’s Top 10 Hedge Fund Firms</b><b>Blackrock Advisors</b></p><p><blockquote><b>全球十大对冲基金公司</b><b>贝莱德顾问</b></blockquote></p><p> <b>Blackrock Advisors</b></p><p><blockquote><b>贝莱德顾问</b></blockquote></p><p> BlackRock (BLK) is a New York-based investment manager that manages trillions in assets. The largest BlackRock entity, BlackRock Fund Advisors, has been in operation since 1984 and oversees $1.9 trillion in assets.</p><p><blockquote>贝莱德(BLK)是一家总部位于纽约的投资管理公司，管理着数万亿资产。贝莱德最大的实体贝莱德基金顾问公司自1984年开始运营，管理着1.9万亿美元的资产。</blockquote></p><p> BlackRock Financial Management was founded in 1994 and oversees $2.25 trillion. BlackRock Advisors, its internal hedge fund, started in 1994 and now handles $789.57 billion.</p><p><blockquote>贝莱德金融管理公司成立于1994年，管理着2.25万亿美元的资产。其内部对冲基金BlackRock Advisors成立于1994年，目前管理着7895.7亿美元的资产。</blockquote></p><p> <b>AQR Capital Management</b></p><p><blockquote><b>AQR资本管理</b></blockquote></p><p> AQR Capital Management is based in Greenwich, Conn., and usesquantitative analysisto develop financial models focused on value and momentum investing. ACR implements its strategies via mutual funds, a type of mutual offered in Europe known asUndertakings for Collective Investment in Transferable Securities, and sponsored funds and managed accounts.</p><p><blockquote>AQR资本管理公司总部位于康涅狄格州格林威治，使用定量分析来开发专注于价值和动量投资的金融模型。ACR通过共同基金（一种在欧洲提供的共同基金，称为可转让证券集体投资企业）、赞助基金和管理账户来实施其战略。</blockquote></p><p> As of March 31, 2020, AQR had $164billion under management. It also earned advisory feeds on another $224.8 billion in assets.</p><p><blockquote>截至2020年3月31日，AQR管理着1640亿美元。它还获得了另外2248亿美元资产的咨询服务。</blockquote></p><p> Cliff Asness founded the company along with partners John Liew, Robert Krail, and David Kabiller. The four had worked together on a hedge fund at Goldman Sachs. AQR launched its Absolute Return fund in August 1998, the same monthLong Term Capital Managementimploded.</p><p><blockquote>克里夫·阿斯内斯与合伙人约翰·刘、罗伯特·克雷尔和大卫·卡比勒一起创立了这家公司。这四个人曾在高盛的一家对冲基金工作。AQR于1998年8月推出了绝对回报基金，同月Long Term Capital Managementimpload。</blockquote></p><p> <b>Bridgewater Associates</b></p><p><blockquote><b>桥水基金</b></blockquote></p><p> Bridgewater Associates is based in Westport, Conn., and provides services to pension funds, foreign governments, central banks,university endowments, charitable foundations, and other institutional investors.6Co-chair and co-chief investment officer Ray Dalio founded the firm in 1975 from his two-bedroom New York apartment.</p><p><blockquote>Bridgewater Associates总部位于康涅狄格州韦斯特波特，为养老基金、外国政府、中央银行、大学捐赠基金、慈善基金会和其他机构投资者提供服务。6联席主席兼联席首席投资官Ray Dalio于1975年在他位于纽约的两居室公寓中创立了该公司。</blockquote></p><p> The company offers four main funds:</p><p><blockquote>该公司提供四种主要基金：</blockquote></p><p> <ol> <li>Pure Alpha, which focuses on active investment strategy</li> <li>Pure Alpha Major Markets, which targets a subset of opportunities that the Pure Alpha fund invests in</li> <li>All Weather, which uses an asset allocation strategy</li> <li>Optimal Portfolio, which combines aspects of the All Weather fund with active management</li> </ol> As of March 27, 2021, the fund had $154 billion under management.</p><p><blockquote><ol><li>专注于主动投资策略的纯阿尔法</li><li>Pure Alpha Major Markets，针对Pure Alpha基金投资的机会子集</li><li>全天候，使用资产配置策略</li><li>最佳投资组合，将全天候基金的各个方面与主动管理相结合</li></ol>截至2021年3月27日，该基金管理规模为1540亿美元。</blockquote></p><p> <b>Renaissance Technologies</b></p><p><blockquote><b>文艺复兴技术</b></blockquote></p><p> Renaissance Technologies is a New York-based quantitative hedge fund that uses mathematical and statistical methods to uncover technical indicators that drive its automated trading strategies. Renaissance applies these strategies to U.S. and international equities, debt instruments,futures contracts,forward contractsandforeign exchange.</p><p><blockquote>Renaissance Technologies是一家总部位于纽约的量化对冲基金，它使用数学和统计方法来发现驱动其自动化交易策略的技术指标。Renaissance将这些策略应用于美国和国际股票、债务工具、期货合约、远期合约和外汇。</blockquote></p><p> As of June 3, 2021, the fund had $130 billion under management.</p><p><blockquote>截至2021年6月3日，该基金管理规模为1300亿美元。</blockquote></p><p> Mathematician Jim Simons founded Renaissance Technologies in 1982.<i>Forbes</i>lists Simons as the 68th wealthiest person in the world as of Jan. 13, 2021, worth $23.5 billion. Mathematician Peter Brown is the current chief executive.</p><p><blockquote>数学家Jim Simons于1982年创立了Renaissance Technologies。<i>福布斯</i>截至2021年1月13日，西蒙斯是世界上第68位最富有的人，身价235亿美元。数学家彼得·布朗是现任首席执行官。</blockquote></p><p> <b>Man Group</b></p><p><blockquote><b>Man集团</b></blockquote></p><p> This British hedge fund has more than 230 years of trading experience. It started in 1784 as an exclusive supplier of rum to the Royal Navy, later getting into the sugar, coffee and cocoa trading business.</p><p><blockquote>这家英国对冲基金拥有230多年的交易经验。它始于1784年，是皇家海军朗姆酒的独家供应商，后来进入糖、咖啡和可可贸易业务。</blockquote></p><p> As of December 31, 2020, Man Group had $123.6 billion in assets under management. </p><p><blockquote>截至2020年12月31日，英仕曼集团管理的资产为1236亿美元。</blockquote></p><p> <b>Elliott Management</b></p><p><blockquote><b>埃利奥特管理公司</b></blockquote></p><p> Elliot Management describes its investment mandate as \"extremely broad\" and encompassing of almost every asset type:distressed securities, equities, hedging andarbitragepositions, commodities, real estate-related securities, etc. In August 2019, Elliot acquired book retailer Barnes & Noble. It had earlier acquired British bookseller Waterstones. The company is based in New York and was founded by Paul Singer in 1977.</p><p><blockquote>Elliot Management将其投资任务描述为“极其广泛”，几乎涵盖了所有资产类型：不良证券、股票、对冲和套利头寸、大宗商品、房地产相关证券等。2019年8月，Elliot收购了图书零售商Barnes&Noble。它早些时候收购了英国书商Waterstones。该公司总部位于纽约，由保罗·辛格于1977年创立。</blockquote></p><p> As of December 31, 2019, Elliot had $73.5 billion in assets under management and $40 billion of net assets under management on a discretionary basis.</p><p><blockquote>截至2019年12月31日，Elliot管理的资产为735亿美元，全权管理的净资产为400亿美元。</blockquote></p><p> <b>Two Sigma Investments</b></p><p><blockquote><b>两个西格玛投资</b></blockquote></p><p> Two Sigma Investments is based in New York and was founded by John Overdeck and David Siegel in April 2002. The company uses quantitative analysis to build mathematical strategies that rely on historical price patterns and other data.</p><p><blockquote>Two Sigma Investments总部位于纽约，由John Overdeck和David Siegel于2002年4月创立。该公司使用定量分析来构建依赖于历史价格模式和其他数据的数学策略。</blockquote></p><p> As of March 31, 2021, Two Sigma Investments had $68.9 billion under management.</p><p><blockquote>截至2021年3月31日，Two Sigma Investments管理着689亿美元。</blockquote></p><p> <b>Millennium Management</b></p><p><blockquote><b>千禧管理</b></blockquote></p><p></p><p> Millennium Management is based in New York and was founded in 1989. The company offers discretionary advisory services to private funds.</p><p><blockquote>Millennium Management总部位于纽约，成立于1989年。该公司向私募基金提供全权委托咨询服务。</blockquote></p><p> As of December 31, 2019, Millennium had $42 billion under management.</p><p><blockquote>截至2019年12月31日，Millennium管理着420亿美元。</blockquote></p><p> The company is lead by Chair Israel Englander, who founded Millennium with $35 million in capital following a career as a floor broker, trader, and options specialist on theAmerican Stock Exchange.</p><p><blockquote>该公司由董事长Israel Englander领导，他在美国证券交易所担任场内经纪人、交易员和期权专家后，以3500万美元的资本创立了Millennium。</blockquote></p><p> <b>Davidson Kempner Capital Management</b></p><p><blockquote><b>戴维森·肯普纳资本管理公司</b></blockquote></p><p> Davidson Kempner Capital Management is based in New York and has affiliate offices in London, Hong Kong and Dublin. The company began managing capital for investors in 1987. It focuses onbankruptcies, convertible arbitrage, merger arbitrage, distressed investments, event-driven equities andrestructuringsituations.</p><p><blockquote>戴维森·肯普纳资本管理公司总部位于纽约，在伦敦、香港和都柏林设有分支机构。该公司于1987年开始为投资者管理资本。它重点关注破产、可转换套利、合并套利、不良投资、事件驱动的股票和重组情况。</blockquote></p><p> As of January 31, 2021, Davidson Kempner had $34.8 billion under management and its net assets under management were $33.1 billion.</p><p><blockquote>截至2021年1月31日，戴维森·肯普纳的管理资产为348亿美元，管理净资产为331亿美元。</blockquote></p><p> <b>Citadel Advisors</b></p><p><blockquote><b>城堡顾问</b></blockquote></p><p> Citadel Advisors is based in Chicago and focuses on equities, fixed income and macro, commodities, credit and quantitative strategies.</p><p><blockquote>Citadel Advisors总部位于芝加哥，专注于股票、固定收益和宏观、大宗商品、信贷和量化策略。</blockquote></p><p> As of March 31, 2021, Citadel had $33.1 billion in assets under management.</p><p><blockquote>截至2021年3月31日，Citadel管理的资产为331亿美元。</blockquote></p><p> In 1987, founder Kenneth Griffin began trading from his dorm room as a 19-year-old sophomore at Harvard University. He founded Citadel in 1990.</p><p><blockquote>1987年，创始人肯尼斯·格里芬(Kenneth Griffin)19岁时在哈佛大学大二学生的宿舍里开始交易。他在1990年创建了Citadel。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.investopedia.com/articles/personal-finance/011515/worlds-top-10-hedge-fund-firms.asp?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral\">Investopedia</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.investopedia.com/articles/personal-finance/011515/worlds-top-10-hedge-fund-firms.asp?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139439438","content_text":"Hedge fundsare alternative investments that use a variety of methods such as leveragedderivatives, short-selling, and other speculative strategies to earn a return that outperforms the broader market. Hedge funds invest in domestic and international markets alike. They typically impose $1 million minimums and targethigh-net-worth individuals,pension funds, and institutional investors.\nAs a result, hedge funds invariably carry higher risk than traditional investments. They are not subject to the same regulations asmutual fundsand may not be required to file reports with theU.S. Securities and Exchange Commission(SEC).\nThe following 10 hedge fund firms dominate the space, based on totalassets under management(AUM) as of June 2021.\nThe World’s Top 10 Hedge Fund FirmsBlackrock Advisors\nBlackrock Advisors\nBlackRock (BLK) is a New York-based investment manager that manages trillions in assets. The largest BlackRock entity, BlackRock Fund Advisors, has been in operation since 1984 and oversees $1.9 trillion in assets.\nBlackRock Financial Management was founded in 1994 and oversees $2.25 trillion. BlackRock Advisors, its internal hedge fund, started in 1994 and now handles $789.57 billion.\nAQR Capital Management\nAQR Capital Management is based in Greenwich, Conn., and usesquantitative analysisto develop financial models focused on value and momentum investing. ACR implements its strategies via mutual funds, a type of mutual offered in Europe known asUndertakings for Collective Investment in Transferable Securities, and sponsored funds and managed accounts.\nAs of March 31, 2020, AQR had $164billion under management. It also earned advisory feeds on another $224.8 billion in assets.\nCliff Asness founded the company along with partners John Liew, Robert Krail, and David Kabiller. The four had worked together on a hedge fund at Goldman Sachs. AQR launched its Absolute Return fund in August 1998, the same monthLong Term Capital Managementimploded.\nBridgewater Associates\nBridgewater Associates is based in Westport, Conn., and provides services to pension funds, foreign governments, central banks,university endowments, charitable foundations, and other institutional investors.6Co-chair and co-chief investment officer Ray Dalio founded the firm in 1975 from his two-bedroom New York apartment.\nThe company offers four main funds:\n\nPure Alpha, which focuses on active investment strategy\nPure Alpha Major Markets, which targets a subset of opportunities that the Pure Alpha fund invests in\nAll Weather, which uses an asset allocation strategy\nOptimal Portfolio, which combines aspects of the All Weather fund with active management\n\nAs of March 27, 2021, the fund had $154 billion under management.\nRenaissance Technologies\nRenaissance Technologies is a New York-based quantitative hedge fund that uses mathematical and statistical methods to uncover technical indicators that drive its automated trading strategies. Renaissance applies these strategies to U.S. and international equities, debt instruments,futures contracts,forward contractsandforeign exchange.\nAs of June 3, 2021, the fund had $130 billion under management.\nMathematician Jim Simons founded Renaissance Technologies in 1982.Forbeslists Simons as the 68th wealthiest person in the world as of Jan. 13, 2021, worth $23.5 billion. Mathematician Peter Brown is the current chief executive.\nMan Group\nThis British hedge fund has more than 230 years of trading experience. It started in 1784 as an exclusive supplier of rum to the Royal Navy, later getting into the sugar, coffee and cocoa trading business.\nAs of December 31, 2020, Man Group had $123.6 billion in assets under management. \nElliott Management\nElliot Management describes its investment mandate as \"extremely broad\" and encompassing of almost every asset type:distressed securities, equities, hedging andarbitragepositions, commodities, real estate-related securities, etc. In August 2019, Elliot acquired book retailer Barnes & Noble. It had earlier acquired British bookseller Waterstones. The company is based in New York and was founded by Paul Singer in 1977.\nAs of December 31, 2019, Elliot had $73.5 billion in assets under management and $40 billion of net assets under management on a discretionary basis.\nTwo Sigma Investments\nTwo Sigma Investments is based in New York and was founded by John Overdeck and David Siegel in April 2002. The company uses quantitative analysis to build mathematical strategies that rely on historical price patterns and other data.\nAs of March 31, 2021, Two Sigma Investments had $68.9 billion under management.\nMillennium Management\nMillennium Management is based in New York and was founded in 1989. The company offers discretionary advisory services to private funds.\nAs of December 31, 2019, Millennium had $42 billion under management.\nThe company is lead by Chair Israel Englander, who founded Millennium with $35 million in capital following a career as a floor broker, trader, and options specialist on theAmerican Stock Exchange.\nDavidson Kempner Capital Management\nDavidson Kempner Capital Management is based in New York and has affiliate offices in London, Hong Kong and Dublin. The company began managing capital for investors in 1987. It focuses onbankruptcies, convertible arbitrage, merger arbitrage, distressed investments, event-driven equities andrestructuringsituations.\nAs of January 31, 2021, Davidson Kempner had $34.8 billion under management and its net assets under management were $33.1 billion.\nCitadel Advisors\nCitadel Advisors is based in Chicago and focuses on equities, fixed income and macro, commodities, credit and quantitative strategies.\nAs of March 31, 2021, Citadel had $33.1 billion in assets under management.\nIn 1987, founder Kenneth Griffin began trading from his dorm room as a 19-year-old sophomore at Harvard University. He founded Citadel in 1990.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1812,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128245104,"gmtCreate":1624521164508,"gmtModify":1634004926049,"author":{"id":"4087373693822840","authorId":"4087373693822840","name":"aryu1901","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087373693822840","idStr":"4087373693822840"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128245104","repostId":"1118732537","repostType":4,"repost":{"id":"1118732537","kind":"news","pubTimestamp":1624517129,"share":"https://www.laohu8.com/m/news/1118732537?lang=zh_CN&edition=full","pubTime":"2021-06-24 14:45","market":"us","language":"en","title":"The \"Great Reset\" Is Here, Part 1: The New Blueprint For Worldwide Inflation<blockquote>“大重置”来了，上篇：全球通胀新蓝图</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1118732537","media":"zerohedge","summary":"For years, currency analysts (myself included) have looked forsigns of an international monetary “re","content":"<p>For years, currency analysts (myself included) have looked for<b>signs of an international monetary “reset” that would diminish the dollar’s role as the leading reserve currency and replace it with a substitute,</b>which would be agreed upon at some Bretton Woods-style monetary conference.</p><p><blockquote>多年来，货币分析师（包括我自己）一直在寻找<b>国际货币“重置”的迹象将削弱美元作为主要储备货币的作用，</b>这将在布雷顿森林式的货币会议上达成一致。</blockquote></p><p> <b>Now, it looks like the move towards the long-expected Great Reset is accelerating.</b></p><p><blockquote><b>现在，看起来期待已久的大重置正在加速。</b></blockquote></p><p> At the recent G7 summit in the UK, G7 leaders gave their blessings to a $100 billion allocation of IMF special drawing rights (SDRs) to help lower-income countries address the COVID-19 crisis.</p><p><blockquote>在最近于英国举行的七国集团峰会上，七国集团领导人对国际货币基金组织分配1000亿美元特别提款权（SDR）以帮助低收入国家应对COVID-19危机表示祝福。</blockquote></p><p> President Biden fully supports the idea. The White House issued the following statement:</p><p><blockquote>拜登总统完全支持这个想法。白宫发表声明如下：</blockquote></p><p> <i>The United States and our G7 partners are actively considering a global effort to multiply the impact of the proposed Special Drawing Rights (SDR) allocation to the countries most in need…At potentially up to $100 billion in size, the proposed effort would further support health needs – including vaccinations…</i> <b>A separate press release from the same day continued the same sentiment, stating, “We strongly support the effort to recycle SDRs to further support health needs.”</b></p><p><blockquote><i>美国和我们的七国集团合作伙伴正在积极考虑一项全球努力，以扩大拟议的特别提款权(SDR)分配对最需要的国家的影响……拟议的努力规模可能高达1000亿美元，将进一步支持健康需求——包括疫苗接种……</i><b>同一天的另一份新闻稿延续了同样的观点，称：“我们强烈支持回收特别提款权以进一步支持卫生需求的努力。”</b></blockquote></p><p> In another development, IMF Managing Director Kristalina Georgieva said last Wednesday that she expected the fund’s governors to approve a $650 billion allocation of SDRs in mid-August.</p><p><blockquote>在另一项进展中，国际货币基金组织总裁克里斯塔利娜·格奥尔基耶娃上周三表示，她预计该基金理事将在8月中旬批准6500亿美元的特别提款权分配。</blockquote></p><p> <u><b>What exactly are SDRs?</b></u></p><p><blockquote><u><b>SDR到底是什么？</b></u></blockquote></p><p> <b>Basically, they’re world money.</b></p><p><blockquote><b>基本上，它们是世界货币。</b></blockquote></p><p> In 1969, the IMF created the SDR, possibly to serve as a source of liquidity and alternative to the dollar.</p><p><blockquote>1969年，国际货币基金组织创造了特别提款权，可能是作为流动性来源和美元的替代品。</blockquote></p><p> <b>In 1971, the dollar did devalue relative to gold and other major currencies. SDRs were issued by the IMF from 1970 to 1981. None were issued after 1981 until 2009 during the global financial crisis.</b></p><p><blockquote><b>1971年，美元相对于黄金和其他主要货币确实贬值了。特别提款权由国际货币基金组织于1970年至1981年发行。1981年之后至2009年全球金融危机期间，均未发行。</b></blockquote></p><p> The 2009 issuance was a case of the IMF “testing the plumbing” of the system to make sure it worked properly. Because zero SDRs were issued from 1981–2009, the IMF wanted to rehearse the governance, computational, and legal processes for issuing SDRs.</p><p><blockquote>2009年的发行是国际货币基金组织“测试”该系统以确保其正常运行的一个例子。由于1981年至2009年期间没有发行特别提款权，国际货币基金组织希望演练发行特别提款权的治理、计算和法律流程。</blockquote></p><p> The purpose was partly to alleviate liquidity concerns at the time, but it was also to make sure the system works in case a large, new issuance was needed on short notice. The 2009 experiment showed the system worked fine.</p><p><blockquote>其目的部分是缓解当时的流动性担忧，但也是为了确保该系统在短时间内需要大量新发行的情况下发挥作用。2009年的实验表明该系统运行良好。</blockquote></p><p> Since 2009, the IMF has proceeded in slow steps to create a platform for massive new issuances of SDRs and establish a deep liquid pool of SDR-denominated assets.</p><p><blockquote>自2009年以来，国际货币基金组织一直在缓慢地为大规模新发行SDR创建一个平台，并建立一个以SDR计价的资产的深度流动性池。</blockquote></p><p> On January 7, 2011, the IMF issued a master plan for replacing the dollar with SDRs.</p><p><blockquote>2011年1月7日，IMF发布了用特别提款权替代美元的总体规划。</blockquote></p><p> This included creating an SDR bond market, SDR dealers, and ancillary facilities such as repos, derivatives, settlement and clearance channels, and the entire apparatus of a liquid bond market.</p><p><blockquote>这包括创建特别提款权债券市场、特别提款权交易商和辅助设施，如回购、衍生品、结算和清算渠道，以及流动性债券市场的整个设备。</blockquote></p><p> A liquid bond market is critical. U.S. Treasury bonds are among the world’s most liquid securities, which makes the dollar a legitimate reserve currency.</p><p><blockquote>流动性强的债券市场至关重要。美国国债是世界上流动性最强的证券之一，这使得美元成为合法的储备货币。</blockquote></p><p> <b>The IMF study recommended that the SDR bond market replicate the infrastructure of the U.S. Treasury market, with hedging, financing, settlement and clearance mechanisms substantially similar to those used to support trading in Treasury securities today.</b></p><p><blockquote><b>国际货币基金组织的研究建议，特别提款权债券市场复制美国国债市场的基础设施，其对冲、融资、结算和清算机制与今天用于支持国债交易的机制基本相似。</b></blockquote></p><p> In August 2016, the World Bank announced that it would issue SDR-denominated bonds to private purchasers. Industrial and Commercial Bank of China (ICBC), the largest bank in China, will be the lead underwriter on the deal.</p><p><blockquote>2016年8月，世界银行宣布将向私人购买者发行SDR计价债券。中国最大的银行中国工商银行（ICBC）将担任该交易的主承销商。</blockquote></p><p> In September 2016, the IMF included the Chinese yuan in the SDR basket, giving China a seat at the monetary table.</p><p><blockquote>2016年9月，国际货币基金组织将人民币纳入特别提款权篮子，让中国在货币桌上获得了一个席位。</blockquote></p><p> <b>So, the framework has been created to expand the SDR’s scope.</b></p><p><blockquote><b>因此，该框架旨在扩大特别提款权的范围。</b></blockquote></p><p> The SDR can be issued in abundance to IMF members and used in the future for a select list of the most important transactions in the world, including balance-of-payments settlements, oil pricing, and the financial accounts of the world’s largest corporations, such as Exxon Mobil, Toyota, and Royal Dutch Shell.</p><p><blockquote>特别提款权可以大量发行给国际货币基金组织成员国，并在未来用于世界上最重要的交易，包括国际收支结算、石油定价以及世界上最大公司的财务账户，如埃克森美孚、丰田和荷兰皇家壳牌。</blockquote></p><p> The basic idea behind the SDR is that the<b>global monetary system centered around the dollar is inherently unstable</b>and needs to be reformed.</p><p><blockquote>特别提款权背后的基本理念是<b>以美元为中心的全球货币体系本来就不稳定</b>需要改革。</blockquote></p><p> Part of the problem is due to a process called Triffin’s Dilemma, named after economist Robert Triffin. Triffin said that the issuer of a dominant reserve currency had to run trade deficits so that the rest of the world could have enough of the currency to buy goods from the issuer and expand world trade.</p><p><blockquote>部分问题是由于一个名为特里芬困境的过程，特里芬困境以经济学家罗伯特·特里芬的名字命名。特里芬表示，占主导地位的储备货币的发行国必须出现贸易逆差，这样世界其他国家才能有足够的货币从发行国购买商品并扩大世界贸易。</blockquote></p><p> But, if you run deficits long enough, you would eventually go broke. This was said about the dollar in the early 1960s. The SDR would solve Triffin’s Dilemma.</p><p><blockquote>但是，如果你赤字的时间足够长，你最终会破产。这是20世纪60年代初关于美元的说法。特别提款权将解决特里芬的困境。</blockquote></p><p> I wrote about SDRs and the global elite plans for them in the second chapter of my 2016 book, <i>The Road to Ruin</i>.</p><p><blockquote>我在2016年出版的书的第二章中写到了特别提款权和全球精英对它们的计划，<i>毁灭之路</i>.</blockquote></p><p> <b>Over the next several years, we will see the issuance of SDRs to transnational organizations, such as the U.N. and World Bank, for spending on climate change infrastructure and other elite pet projects outside the supervision of any democratically elected bodies.</b></p><p><blockquote><b>未来几年，我们将看到向联合国和世界银行等跨国组织发行特别提款权，用于气候变化基础设施和其他不受任何民选机构监督的精英宠物项目。</b></blockquote></p><p> I call this the New Blueprint for Worldwide Inflation.</p><p><blockquote>我看涨期权这是全球通货膨胀的新蓝图。</blockquote></p><p></p><p> <b>But Triffin’s Dilemma is not the only dynamic that’s pushing the world away from the dollar.</b></p><p><blockquote><b>但特里芬的困境并不是推动世界远离美元的唯一动力。</b></blockquote></p><p> <i>In Part 2, we show you why the weaponization of the dollar by the U.S. government is pushing the world to seek alternatives.</i></p><p><blockquote><i>在第2部分中，我们将向您展示为什么美国政府将美元武器化正在推动世界寻求替代方案。</i></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The \"Great Reset\" Is Here, Part 1: The New Blueprint For Worldwide Inflation<blockquote>“大重置”来了，上篇：全球通胀新蓝图</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe \"Great Reset\" Is Here, Part 1: The New Blueprint For Worldwide Inflation<blockquote>“大重置”来了，上篇：全球通胀新蓝图</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-06-24 14:45</span>\n</p>\n</h4>\n</header>\n<article>\n<p>For years, currency analysts (myself included) have looked for<b>signs of an international monetary “reset” that would diminish the dollar’s role as the leading reserve currency and replace it with a substitute,</b>which would be agreed upon at some Bretton Woods-style monetary conference.</p><p><blockquote>多年来，货币分析师（包括我自己）一直在寻找<b>国际货币“重置”的迹象将削弱美元作为主要储备货币的作用，</b>这将在布雷顿森林式的货币会议上达成一致。</blockquote></p><p> <b>Now, it looks like the move towards the long-expected Great Reset is accelerating.</b></p><p><blockquote><b>现在，看起来期待已久的大重置正在加速。</b></blockquote></p><p> At the recent G7 summit in the UK, G7 leaders gave their blessings to a $100 billion allocation of IMF special drawing rights (SDRs) to help lower-income countries address the COVID-19 crisis.</p><p><blockquote>在最近于英国举行的七国集团峰会上，七国集团领导人对国际货币基金组织分配1000亿美元特别提款权（SDR）以帮助低收入国家应对COVID-19危机表示祝福。</blockquote></p><p> President Biden fully supports the idea. The White House issued the following statement:</p><p><blockquote>拜登总统完全支持这个想法。白宫发表声明如下：</blockquote></p><p> <i>The United States and our G7 partners are actively considering a global effort to multiply the impact of the proposed Special Drawing Rights (SDR) allocation to the countries most in need…At potentially up to $100 billion in size, the proposed effort would further support health needs – including vaccinations…</i> <b>A separate press release from the same day continued the same sentiment, stating, “We strongly support the effort to recycle SDRs to further support health needs.”</b></p><p><blockquote><i>美国和我们的七国集团合作伙伴正在积极考虑一项全球努力，以扩大拟议的特别提款权(SDR)分配对最需要的国家的影响……拟议的努力规模可能高达1000亿美元，将进一步支持健康需求——包括疫苗接种……</i><b>同一天的另一份新闻稿延续了同样的观点，称：“我们强烈支持回收特别提款权以进一步支持卫生需求的努力。”</b></blockquote></p><p> In another development, IMF Managing Director Kristalina Georgieva said last Wednesday that she expected the fund’s governors to approve a $650 billion allocation of SDRs in mid-August.</p><p><blockquote>在另一项进展中，国际货币基金组织总裁克里斯塔利娜·格奥尔基耶娃上周三表示，她预计该基金理事将在8月中旬批准6500亿美元的特别提款权分配。</blockquote></p><p> <u><b>What exactly are SDRs?</b></u></p><p><blockquote><u><b>SDR到底是什么？</b></u></blockquote></p><p> <b>Basically, they’re world money.</b></p><p><blockquote><b>基本上，它们是世界货币。</b></blockquote></p><p> In 1969, the IMF created the SDR, possibly to serve as a source of liquidity and alternative to the dollar.</p><p><blockquote>1969年，国际货币基金组织创造了特别提款权，可能是作为流动性来源和美元的替代品。</blockquote></p><p> <b>In 1971, the dollar did devalue relative to gold and other major currencies. SDRs were issued by the IMF from 1970 to 1981. None were issued after 1981 until 2009 during the global financial crisis.</b></p><p><blockquote><b>1971年，美元相对于黄金和其他主要货币确实贬值了。特别提款权由国际货币基金组织于1970年至1981年发行。1981年之后至2009年全球金融危机期间，均未发行。</b></blockquote></p><p> The 2009 issuance was a case of the IMF “testing the plumbing” of the system to make sure it worked properly. Because zero SDRs were issued from 1981–2009, the IMF wanted to rehearse the governance, computational, and legal processes for issuing SDRs.</p><p><blockquote>2009年的发行是国际货币基金组织“测试”该系统以确保其正常运行的一个例子。由于1981年至2009年期间没有发行特别提款权，国际货币基金组织希望演练发行特别提款权的治理、计算和法律流程。</blockquote></p><p> The purpose was partly to alleviate liquidity concerns at the time, but it was also to make sure the system works in case a large, new issuance was needed on short notice. The 2009 experiment showed the system worked fine.</p><p><blockquote>其目的部分是缓解当时的流动性担忧，但也是为了确保该系统在短时间内需要大量新发行的情况下发挥作用。2009年的实验表明该系统运行良好。</blockquote></p><p> Since 2009, the IMF has proceeded in slow steps to create a platform for massive new issuances of SDRs and establish a deep liquid pool of SDR-denominated assets.</p><p><blockquote>自2009年以来，国际货币基金组织一直在缓慢地为大规模新发行SDR创建一个平台，并建立一个以SDR计价的资产的深度流动性池。</blockquote></p><p> On January 7, 2011, the IMF issued a master plan for replacing the dollar with SDRs.</p><p><blockquote>2011年1月7日，IMF发布了用特别提款权替代美元的总体规划。</blockquote></p><p> This included creating an SDR bond market, SDR dealers, and ancillary facilities such as repos, derivatives, settlement and clearance channels, and the entire apparatus of a liquid bond market.</p><p><blockquote>这包括创建特别提款权债券市场、特别提款权交易商和辅助设施，如回购、衍生品、结算和清算渠道，以及流动性债券市场的整个设备。</blockquote></p><p> A liquid bond market is critical. U.S. Treasury bonds are among the world’s most liquid securities, which makes the dollar a legitimate reserve currency.</p><p><blockquote>流动性强的债券市场至关重要。美国国债是世界上流动性最强的证券之一，这使得美元成为合法的储备货币。</blockquote></p><p> <b>The IMF study recommended that the SDR bond market replicate the infrastructure of the U.S. Treasury market, with hedging, financing, settlement and clearance mechanisms substantially similar to those used to support trading in Treasury securities today.</b></p><p><blockquote><b>国际货币基金组织的研究建议，特别提款权债券市场复制美国国债市场的基础设施，其对冲、融资、结算和清算机制与今天用于支持国债交易的机制基本相似。</b></blockquote></p><p> In August 2016, the World Bank announced that it would issue SDR-denominated bonds to private purchasers. Industrial and Commercial Bank of China (ICBC), the largest bank in China, will be the lead underwriter on the deal.</p><p><blockquote>2016年8月，世界银行宣布将向私人购买者发行SDR计价债券。中国最大的银行中国工商银行（ICBC）将担任该交易的主承销商。</blockquote></p><p> In September 2016, the IMF included the Chinese yuan in the SDR basket, giving China a seat at the monetary table.</p><p><blockquote>2016年9月，国际货币基金组织将人民币纳入特别提款权篮子，让中国在货币桌上获得了一个席位。</blockquote></p><p> <b>So, the framework has been created to expand the SDR’s scope.</b></p><p><blockquote><b>因此，该框架旨在扩大特别提款权的范围。</b></blockquote></p><p> The SDR can be issued in abundance to IMF members and used in the future for a select list of the most important transactions in the world, including balance-of-payments settlements, oil pricing, and the financial accounts of the world’s largest corporations, such as Exxon Mobil, Toyota, and Royal Dutch Shell.</p><p><blockquote>特别提款权可以大量发行给国际货币基金组织成员国，并在未来用于世界上最重要的交易，包括国际收支结算、石油定价以及世界上最大公司的财务账户，如埃克森美孚、丰田和荷兰皇家壳牌。</blockquote></p><p> The basic idea behind the SDR is that the<b>global monetary system centered around the dollar is inherently unstable</b>and needs to be reformed.</p><p><blockquote>特别提款权背后的基本理念是<b>以美元为中心的全球货币体系本来就不稳定</b>需要改革。</blockquote></p><p> Part of the problem is due to a process called Triffin’s Dilemma, named after economist Robert Triffin. Triffin said that the issuer of a dominant reserve currency had to run trade deficits so that the rest of the world could have enough of the currency to buy goods from the issuer and expand world trade.</p><p><blockquote>部分问题是由于一个名为特里芬困境的过程，特里芬困境以经济学家罗伯特·特里芬的名字命名。特里芬表示，占主导地位的储备货币的发行国必须出现贸易逆差，这样世界其他国家才能有足够的货币从发行国购买商品并扩大世界贸易。</blockquote></p><p> But, if you run deficits long enough, you would eventually go broke. This was said about the dollar in the early 1960s. The SDR would solve Triffin’s Dilemma.</p><p><blockquote>但是，如果你赤字的时间足够长，你最终会破产。这是20世纪60年代初关于美元的说法。特别提款权将解决特里芬的困境。</blockquote></p><p> I wrote about SDRs and the global elite plans for them in the second chapter of my 2016 book, <i>The Road to Ruin</i>.</p><p><blockquote>我在2016年出版的书的第二章中写到了特别提款权和全球精英对它们的计划，<i>毁灭之路</i>.</blockquote></p><p> <b>Over the next several years, we will see the issuance of SDRs to transnational organizations, such as the U.N. and World Bank, for spending on climate change infrastructure and other elite pet projects outside the supervision of any democratically elected bodies.</b></p><p><blockquote><b>未来几年，我们将看到向联合国和世界银行等跨国组织发行特别提款权，用于气候变化基础设施和其他不受任何民选机构监督的精英宠物项目。</b></blockquote></p><p> I call this the New Blueprint for Worldwide Inflation.</p><p><blockquote>我看涨期权这是全球通货膨胀的新蓝图。</blockquote></p><p></p><p> <b>But Triffin’s Dilemma is not the only dynamic that’s pushing the world away from the dollar.</b></p><p><blockquote><b>但特里芬的困境并不是推动世界远离美元的唯一动力。</b></blockquote></p><p> <i>In Part 2, we show you why the weaponization of the dollar by the U.S. government is pushing the world to seek alternatives.</i></p><p><blockquote><i>在第2部分中，我们将向您展示为什么美国政府将美元武器化正在推动世界寻求替代方案。</i></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/geopolitical/great-reset-here-part-1-new-blueprint-worldwide-inflation\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.zerohedge.com/geopolitical/great-reset-here-part-1-new-blueprint-worldwide-inflation","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118732537","content_text":"For years, currency analysts (myself included) have looked forsigns of an international monetary “reset” that would diminish the dollar’s role as the leading reserve currency and replace it with a substitute,which would be agreed upon at some Bretton Woods-style monetary conference.\nNow, it looks like the move towards the long-expected Great Reset is accelerating.\nAt the recent G7 summit in the UK, G7 leaders gave their blessings to a $100 billion allocation of IMF special drawing rights (SDRs) to help lower-income countries address the COVID-19 crisis.\nPresident Biden fully supports the idea. The White House issued the following statement:\n\nThe United States and our G7 partners are actively considering a global effort to multiply the impact of the proposed Special Drawing Rights (SDR) allocation to the countries most in need…At potentially up to $100 billion in size, the proposed effort would further support health needs – including vaccinations…\n\nA separate press release from the same day continued the same sentiment, stating, “We strongly support the effort to recycle SDRs to further support health needs.”\nIn another development, IMF Managing Director Kristalina Georgieva said last Wednesday that she expected the fund’s governors to approve a $650 billion allocation of SDRs in mid-August.\nWhat exactly are SDRs?\nBasically, they’re world money.\nIn 1969, the IMF created the SDR, possibly to serve as a source of liquidity and alternative to the dollar.\nIn 1971, the dollar did devalue relative to gold and other major currencies. SDRs were issued by the IMF from 1970 to 1981. None were issued after 1981 until 2009 during the global financial crisis.\nThe 2009 issuance was a case of the IMF “testing the plumbing” of the system to make sure it worked properly. Because zero SDRs were issued from 1981–2009, the IMF wanted to rehearse the governance, computational, and legal processes for issuing SDRs.\nThe purpose was partly to alleviate liquidity concerns at the time, but it was also to make sure the system works in case a large, new issuance was needed on short notice. The 2009 experiment showed the system worked fine.\nSince 2009, the IMF has proceeded in slow steps to create a platform for massive new issuances of SDRs and establish a deep liquid pool of SDR-denominated assets.\nOn January 7, 2011, the IMF issued a master plan for replacing the dollar with SDRs.\nThis included creating an SDR bond market, SDR dealers, and ancillary facilities such as repos, derivatives, settlement and clearance channels, and the entire apparatus of a liquid bond market.\nA liquid bond market is critical. U.S. Treasury bonds are among the world’s most liquid securities, which makes the dollar a legitimate reserve currency.\nThe IMF study recommended that the SDR bond market replicate the infrastructure of the U.S. Treasury market, with hedging, financing, settlement and clearance mechanisms substantially similar to those used to support trading in Treasury securities today.\nIn August 2016, the World Bank announced that it would issue SDR-denominated bonds to private purchasers. Industrial and Commercial Bank of China (ICBC), the largest bank in China, will be the lead underwriter on the deal.\nIn September 2016, the IMF included the Chinese yuan in the SDR basket, giving China a seat at the monetary table.\nSo, the framework has been created to expand the SDR’s scope.\nThe SDR can be issued in abundance to IMF members and used in the future for a select list of the most important transactions in the world, including balance-of-payments settlements, oil pricing, and the financial accounts of the world’s largest corporations, such as Exxon Mobil, Toyota, and Royal Dutch Shell.\nThe basic idea behind the SDR is that theglobal monetary system centered around the dollar is inherently unstableand needs to be reformed.\nPart of the problem is due to a process called Triffin’s Dilemma, named after economist Robert Triffin. Triffin said that the issuer of a dominant reserve currency had to run trade deficits so that the rest of the world could have enough of the currency to buy goods from the issuer and expand world trade.\nBut, if you run deficits long enough, you would eventually go broke. This was said about the dollar in the early 1960s. The SDR would solve Triffin’s Dilemma.\nI wrote about SDRs and the global elite plans for them in the second chapter of my 2016 book, The Road to Ruin.\nOver the next several years, we will see the issuance of SDRs to transnational organizations, such as the U.N. and World Bank, for spending on climate change infrastructure and other elite pet projects outside the supervision of any democratically elected bodies.\nI call this the New Blueprint for Worldwide Inflation.\nBut Triffin’s Dilemma is not the only dynamic that’s pushing the world away from the dollar.\nIn Part 2, we show you why the weaponization of the dollar by the U.S. government is pushing the world to seek alternatives.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":1547,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":126878401,"gmtCreate":1624553887203,"gmtModify":1634004404204,"author":{"id":"4087373693822840","authorId":"4087373693822840","name":"aryu1901","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087373693822840","idStr":"4087373693822840"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/126878401","repostId":"2145804481","repostType":4,"isVote":1,"tweetType":1,"viewCount":1600,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128271105,"gmtCreate":1624521458107,"gmtModify":1634004922830,"author":{"id":"4087373693822840","authorId":"4087373693822840","name":"aryu1901","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087373693822840","idStr":"4087373693822840"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128271105","repostId":"1139439438","repostType":4,"repost":{"id":"1139439438","kind":"news","pubTimestamp":1624519904,"share":"https://www.laohu8.com/m/news/1139439438?lang=zh_CN&edition=full","pubTime":"2021-06-24 15:31","market":"us","language":"en","title":"World's Top 10 Hedge Fund Firms<blockquote>全球十大对冲基金公司</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139439438","media":"Investopedia","summary":"Hedge fundsare alternative investments that use a variety of methods such as leveragedderivatives, s","content":"<p>Hedge fundsare alternative investments that use a variety of methods such as leveragedderivatives, short-selling, and other speculative strategies to earn a return that outperforms the broader market. Hedge funds invest in domestic and international markets alike. They typically impose $1 million minimums and targethigh-net-worth individuals,pension funds, and institutional investors.</p><p><blockquote>对冲基金是另类投资，使用杠杆衍生品、卖空和其他投机策略等多种方法来赚取优于大盘的回报。对冲基金投资于国内和国际市场。他们通常规定100万美元的最低限额，并针对高净值个人、养老基金和机构投资者。</blockquote></p><p> As a result, hedge funds invariably carry higher risk than traditional investments. They are not subject to the same regulations asmutual fundsand may not be required to file reports with theU.S. Securities and Exchange Commission(SEC).</p><p><blockquote>因此，对冲基金总是比传统投资承担更高的风险。它们不受与共同基金相同的法规的约束，也可能不需要向美国提交报告。美国证券交易委员会（SEC）。</blockquote></p><p> The following 10 hedge fund firms dominate the space, based on totalassets under management(AUM) as of June 2021.</p><p><blockquote>根据截至2021年6月的管理总资产(AUM)，以下10家对冲基金公司在该领域占据主导地位。</blockquote></p><p> <b>The World’s Top 10 Hedge Fund Firms</b><b>Blackrock Advisors</b></p><p><blockquote><b>全球十大对冲基金公司</b><b>贝莱德顾问</b></blockquote></p><p> <b>Blackrock Advisors</b></p><p><blockquote><b>贝莱德顾问</b></blockquote></p><p> BlackRock (BLK) is a New York-based investment manager that manages trillions in assets. The largest BlackRock entity, BlackRock Fund Advisors, has been in operation since 1984 and oversees $1.9 trillion in assets.</p><p><blockquote>贝莱德(BLK)是一家总部位于纽约的投资管理公司，管理着数万亿资产。贝莱德最大的实体贝莱德基金顾问公司自1984年开始运营，管理着1.9万亿美元的资产。</blockquote></p><p> BlackRock Financial Management was founded in 1994 and oversees $2.25 trillion. BlackRock Advisors, its internal hedge fund, started in 1994 and now handles $789.57 billion.</p><p><blockquote>贝莱德金融管理公司成立于1994年，管理着2.25万亿美元的资产。其内部对冲基金BlackRock Advisors成立于1994年，目前管理着7895.7亿美元的资产。</blockquote></p><p> <b>AQR Capital Management</b></p><p><blockquote><b>AQR资本管理</b></blockquote></p><p> AQR Capital Management is based in Greenwich, Conn., and usesquantitative analysisto develop financial models focused on value and momentum investing. ACR implements its strategies via mutual funds, a type of mutual offered in Europe known asUndertakings for Collective Investment in Transferable Securities, and sponsored funds and managed accounts.</p><p><blockquote>AQR资本管理公司总部位于康涅狄格州格林威治，使用定量分析来开发专注于价值和动量投资的金融模型。ACR通过共同基金（一种在欧洲提供的共同基金，称为可转让证券集体投资企业）、赞助基金和管理账户来实施其战略。</blockquote></p><p> As of March 31, 2020, AQR had $164billion under management. It also earned advisory feeds on another $224.8 billion in assets.</p><p><blockquote>截至2020年3月31日，AQR管理着1640亿美元。它还获得了另外2248亿美元资产的咨询服务。</blockquote></p><p> Cliff Asness founded the company along with partners John Liew, Robert Krail, and David Kabiller. The four had worked together on a hedge fund at Goldman Sachs. AQR launched its Absolute Return fund in August 1998, the same monthLong Term Capital Managementimploded.</p><p><blockquote>克里夫·阿斯内斯与合伙人约翰·刘、罗伯特·克雷尔和大卫·卡比勒一起创立了这家公司。这四个人曾在高盛的一家对冲基金工作。AQR于1998年8月推出了绝对回报基金，同月Long Term Capital Managementimpload。</blockquote></p><p> <b>Bridgewater Associates</b></p><p><blockquote><b>桥水基金</b></blockquote></p><p> Bridgewater Associates is based in Westport, Conn., and provides services to pension funds, foreign governments, central banks,university endowments, charitable foundations, and other institutional investors.6Co-chair and co-chief investment officer Ray Dalio founded the firm in 1975 from his two-bedroom New York apartment.</p><p><blockquote>Bridgewater Associates总部位于康涅狄格州韦斯特波特，为养老基金、外国政府、中央银行、大学捐赠基金、慈善基金会和其他机构投资者提供服务。6联席主席兼联席首席投资官Ray Dalio于1975年在他位于纽约的两居室公寓中创立了该公司。</blockquote></p><p> The company offers four main funds:</p><p><blockquote>该公司提供四种主要基金：</blockquote></p><p> <ol> <li>Pure Alpha, which focuses on active investment strategy</li> <li>Pure Alpha Major Markets, which targets a subset of opportunities that the Pure Alpha fund invests in</li> <li>All Weather, which uses an asset allocation strategy</li> <li>Optimal Portfolio, which combines aspects of the All Weather fund with active management</li> </ol> As of March 27, 2021, the fund had $154 billion under management.</p><p><blockquote><ol><li>专注于主动投资策略的纯阿尔法</li><li>Pure Alpha Major Markets，针对Pure Alpha基金投资的机会子集</li><li>全天候，使用资产配置策略</li><li>最佳投资组合，将全天候基金的各个方面与主动管理相结合</li></ol>截至2021年3月27日，该基金管理规模为1540亿美元。</blockquote></p><p> <b>Renaissance Technologies</b></p><p><blockquote><b>文艺复兴技术</b></blockquote></p><p> Renaissance Technologies is a New York-based quantitative hedge fund that uses mathematical and statistical methods to uncover technical indicators that drive its automated trading strategies. Renaissance applies these strategies to U.S. and international equities, debt instruments,futures contracts,forward contractsandforeign exchange.</p><p><blockquote>Renaissance Technologies是一家总部位于纽约的量化对冲基金，它使用数学和统计方法来发现驱动其自动化交易策略的技术指标。Renaissance将这些策略应用于美国和国际股票、债务工具、期货合约、远期合约和外汇。</blockquote></p><p> As of June 3, 2021, the fund had $130 billion under management.</p><p><blockquote>截至2021年6月3日，该基金管理规模为1300亿美元。</blockquote></p><p> Mathematician Jim Simons founded Renaissance Technologies in 1982.<i>Forbes</i>lists Simons as the 68th wealthiest person in the world as of Jan. 13, 2021, worth $23.5 billion. Mathematician Peter Brown is the current chief executive.</p><p><blockquote>数学家Jim Simons于1982年创立了Renaissance Technologies。<i>福布斯</i>截至2021年1月13日，西蒙斯是世界上第68位最富有的人，身价235亿美元。数学家彼得·布朗是现任首席执行官。</blockquote></p><p> <b>Man Group</b></p><p><blockquote><b>Man集团</b></blockquote></p><p> This British hedge fund has more than 230 years of trading experience. It started in 1784 as an exclusive supplier of rum to the Royal Navy, later getting into the sugar, coffee and cocoa trading business.</p><p><blockquote>这家英国对冲基金拥有230多年的交易经验。它始于1784年，是皇家海军朗姆酒的独家供应商，后来进入糖、咖啡和可可贸易业务。</blockquote></p><p> As of December 31, 2020, Man Group had $123.6 billion in assets under management. </p><p><blockquote>截至2020年12月31日，英仕曼集团管理的资产为1236亿美元。</blockquote></p><p> <b>Elliott Management</b></p><p><blockquote><b>埃利奥特管理公司</b></blockquote></p><p> Elliot Management describes its investment mandate as \"extremely broad\" and encompassing of almost every asset type:distressed securities, equities, hedging andarbitragepositions, commodities, real estate-related securities, etc. In August 2019, Elliot acquired book retailer Barnes & Noble. It had earlier acquired British bookseller Waterstones. The company is based in New York and was founded by Paul Singer in 1977.</p><p><blockquote>Elliot Management将其投资任务描述为“极其广泛”，几乎涵盖了所有资产类型：不良证券、股票、对冲和套利头寸、大宗商品、房地产相关证券等。2019年8月，Elliot收购了图书零售商Barnes&Noble。它早些时候收购了英国书商Waterstones。该公司总部位于纽约，由保罗·辛格于1977年创立。</blockquote></p><p> As of December 31, 2019, Elliot had $73.5 billion in assets under management and $40 billion of net assets under management on a discretionary basis.</p><p><blockquote>截至2019年12月31日，Elliot管理的资产为735亿美元，全权管理的净资产为400亿美元。</blockquote></p><p> <b>Two Sigma Investments</b></p><p><blockquote><b>两个西格玛投资</b></blockquote></p><p> Two Sigma Investments is based in New York and was founded by John Overdeck and David Siegel in April 2002. The company uses quantitative analysis to build mathematical strategies that rely on historical price patterns and other data.</p><p><blockquote>Two Sigma Investments总部位于纽约，由John Overdeck和David Siegel于2002年4月创立。该公司使用定量分析来构建依赖于历史价格模式和其他数据的数学策略。</blockquote></p><p> As of March 31, 2021, Two Sigma Investments had $68.9 billion under management.</p><p><blockquote>截至2021年3月31日，Two Sigma Investments管理着689亿美元。</blockquote></p><p> <b>Millennium Management</b></p><p><blockquote><b>千禧管理</b></blockquote></p><p></p><p> Millennium Management is based in New York and was founded in 1989. The company offers discretionary advisory services to private funds.</p><p><blockquote>Millennium Management总部位于纽约，成立于1989年。该公司向私募基金提供全权委托咨询服务。</blockquote></p><p> As of December 31, 2019, Millennium had $42 billion under management.</p><p><blockquote>截至2019年12月31日，Millennium管理着420亿美元。</blockquote></p><p> The company is lead by Chair Israel Englander, who founded Millennium with $35 million in capital following a career as a floor broker, trader, and options specialist on theAmerican Stock Exchange.</p><p><blockquote>该公司由董事长Israel Englander领导，他在美国证券交易所担任场内经纪人、交易员和期权专家后，以3500万美元的资本创立了Millennium。</blockquote></p><p> <b>Davidson Kempner Capital Management</b></p><p><blockquote><b>戴维森·肯普纳资本管理公司</b></blockquote></p><p> Davidson Kempner Capital Management is based in New York and has affiliate offices in London, Hong Kong and Dublin. The company began managing capital for investors in 1987. It focuses onbankruptcies, convertible arbitrage, merger arbitrage, distressed investments, event-driven equities andrestructuringsituations.</p><p><blockquote>戴维森·肯普纳资本管理公司总部位于纽约，在伦敦、香港和都柏林设有分支机构。该公司于1987年开始为投资者管理资本。它重点关注破产、可转换套利、合并套利、不良投资、事件驱动的股票和重组情况。</blockquote></p><p> As of January 31, 2021, Davidson Kempner had $34.8 billion under management and its net assets under management were $33.1 billion.</p><p><blockquote>截至2021年1月31日，戴维森·肯普纳的管理资产为348亿美元，管理净资产为331亿美元。</blockquote></p><p> <b>Citadel Advisors</b></p><p><blockquote><b>城堡顾问</b></blockquote></p><p> Citadel Advisors is based in Chicago and focuses on equities, fixed income and macro, commodities, credit and quantitative strategies.</p><p><blockquote>Citadel Advisors总部位于芝加哥，专注于股票、固定收益和宏观、大宗商品、信贷和量化策略。</blockquote></p><p> As of March 31, 2021, Citadel had $33.1 billion in assets under management.</p><p><blockquote>截至2021年3月31日，Citadel管理的资产为331亿美元。</blockquote></p><p> In 1987, founder Kenneth Griffin began trading from his dorm room as a 19-year-old sophomore at Harvard University. He founded Citadel in 1990.</p><p><blockquote>1987年，创始人肯尼斯·格里芬(Kenneth Griffin)19岁时在哈佛大学大二学生的宿舍里开始交易。他在1990年创建了Citadel。</blockquote></p><p></p>","source":"lsy1606203311635","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>World's Top 10 Hedge Fund Firms<blockquote>全球十大对冲基金公司</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWorld's Top 10 Hedge Fund Firms<blockquote>全球十大对冲基金公司</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Investopedia</strong><span class=\"h-time small\">2021-06-24 15:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Hedge fundsare alternative investments that use a variety of methods such as leveragedderivatives, short-selling, and other speculative strategies to earn a return that outperforms the broader market. Hedge funds invest in domestic and international markets alike. They typically impose $1 million minimums and targethigh-net-worth individuals,pension funds, and institutional investors.</p><p><blockquote>对冲基金是另类投资，使用杠杆衍生品、卖空和其他投机策略等多种方法来赚取优于大盘的回报。对冲基金投资于国内和国际市场。他们通常规定100万美元的最低限额，并针对高净值个人、养老基金和机构投资者。</blockquote></p><p> As a result, hedge funds invariably carry higher risk than traditional investments. They are not subject to the same regulations asmutual fundsand may not be required to file reports with theU.S. Securities and Exchange Commission(SEC).</p><p><blockquote>因此，对冲基金总是比传统投资承担更高的风险。它们不受与共同基金相同的法规的约束，也可能不需要向美国提交报告。美国证券交易委员会（SEC）。</blockquote></p><p> The following 10 hedge fund firms dominate the space, based on totalassets under management(AUM) as of June 2021.</p><p><blockquote>根据截至2021年6月的管理总资产(AUM)，以下10家对冲基金公司在该领域占据主导地位。</blockquote></p><p> <b>The World’s Top 10 Hedge Fund Firms</b><b>Blackrock Advisors</b></p><p><blockquote><b>全球十大对冲基金公司</b><b>贝莱德顾问</b></blockquote></p><p> <b>Blackrock Advisors</b></p><p><blockquote><b>贝莱德顾问</b></blockquote></p><p> BlackRock (BLK) is a New York-based investment manager that manages trillions in assets. The largest BlackRock entity, BlackRock Fund Advisors, has been in operation since 1984 and oversees $1.9 trillion in assets.</p><p><blockquote>贝莱德(BLK)是一家总部位于纽约的投资管理公司，管理着数万亿资产。贝莱德最大的实体贝莱德基金顾问公司自1984年开始运营，管理着1.9万亿美元的资产。</blockquote></p><p> BlackRock Financial Management was founded in 1994 and oversees $2.25 trillion. BlackRock Advisors, its internal hedge fund, started in 1994 and now handles $789.57 billion.</p><p><blockquote>贝莱德金融管理公司成立于1994年，管理着2.25万亿美元的资产。其内部对冲基金BlackRock Advisors成立于1994年，目前管理着7895.7亿美元的资产。</blockquote></p><p> <b>AQR Capital Management</b></p><p><blockquote><b>AQR资本管理</b></blockquote></p><p> AQR Capital Management is based in Greenwich, Conn., and usesquantitative analysisto develop financial models focused on value and momentum investing. ACR implements its strategies via mutual funds, a type of mutual offered in Europe known asUndertakings for Collective Investment in Transferable Securities, and sponsored funds and managed accounts.</p><p><blockquote>AQR资本管理公司总部位于康涅狄格州格林威治，使用定量分析来开发专注于价值和动量投资的金融模型。ACR通过共同基金（一种在欧洲提供的共同基金，称为可转让证券集体投资企业）、赞助基金和管理账户来实施其战略。</blockquote></p><p> As of March 31, 2020, AQR had $164billion under management. It also earned advisory feeds on another $224.8 billion in assets.</p><p><blockquote>截至2020年3月31日，AQR管理着1640亿美元。它还获得了另外2248亿美元资产的咨询服务。</blockquote></p><p> Cliff Asness founded the company along with partners John Liew, Robert Krail, and David Kabiller. The four had worked together on a hedge fund at Goldman Sachs. AQR launched its Absolute Return fund in August 1998, the same monthLong Term Capital Managementimploded.</p><p><blockquote>克里夫·阿斯内斯与合伙人约翰·刘、罗伯特·克雷尔和大卫·卡比勒一起创立了这家公司。这四个人曾在高盛的一家对冲基金工作。AQR于1998年8月推出了绝对回报基金，同月Long Term Capital Managementimpload。</blockquote></p><p> <b>Bridgewater Associates</b></p><p><blockquote><b>桥水基金</b></blockquote></p><p> Bridgewater Associates is based in Westport, Conn., and provides services to pension funds, foreign governments, central banks,university endowments, charitable foundations, and other institutional investors.6Co-chair and co-chief investment officer Ray Dalio founded the firm in 1975 from his two-bedroom New York apartment.</p><p><blockquote>Bridgewater Associates总部位于康涅狄格州韦斯特波特，为养老基金、外国政府、中央银行、大学捐赠基金、慈善基金会和其他机构投资者提供服务。6联席主席兼联席首席投资官Ray Dalio于1975年在他位于纽约的两居室公寓中创立了该公司。</blockquote></p><p> The company offers four main funds:</p><p><blockquote>该公司提供四种主要基金：</blockquote></p><p> <ol> <li>Pure Alpha, which focuses on active investment strategy</li> <li>Pure Alpha Major Markets, which targets a subset of opportunities that the Pure Alpha fund invests in</li> <li>All Weather, which uses an asset allocation strategy</li> <li>Optimal Portfolio, which combines aspects of the All Weather fund with active management</li> </ol> As of March 27, 2021, the fund had $154 billion under management.</p><p><blockquote><ol><li>专注于主动投资策略的纯阿尔法</li><li>Pure Alpha Major Markets，针对Pure Alpha基金投资的机会子集</li><li>全天候，使用资产配置策略</li><li>最佳投资组合，将全天候基金的各个方面与主动管理相结合</li></ol>截至2021年3月27日，该基金管理规模为1540亿美元。</blockquote></p><p> <b>Renaissance Technologies</b></p><p><blockquote><b>文艺复兴技术</b></blockquote></p><p> Renaissance Technologies is a New York-based quantitative hedge fund that uses mathematical and statistical methods to uncover technical indicators that drive its automated trading strategies. Renaissance applies these strategies to U.S. and international equities, debt instruments,futures contracts,forward contractsandforeign exchange.</p><p><blockquote>Renaissance Technologies是一家总部位于纽约的量化对冲基金，它使用数学和统计方法来发现驱动其自动化交易策略的技术指标。Renaissance将这些策略应用于美国和国际股票、债务工具、期货合约、远期合约和外汇。</blockquote></p><p> As of June 3, 2021, the fund had $130 billion under management.</p><p><blockquote>截至2021年6月3日，该基金管理规模为1300亿美元。</blockquote></p><p> Mathematician Jim Simons founded Renaissance Technologies in 1982.<i>Forbes</i>lists Simons as the 68th wealthiest person in the world as of Jan. 13, 2021, worth $23.5 billion. Mathematician Peter Brown is the current chief executive.</p><p><blockquote>数学家Jim Simons于1982年创立了Renaissance Technologies。<i>福布斯</i>截至2021年1月13日，西蒙斯是世界上第68位最富有的人，身价235亿美元。数学家彼得·布朗是现任首席执行官。</blockquote></p><p> <b>Man Group</b></p><p><blockquote><b>Man集团</b></blockquote></p><p> This British hedge fund has more than 230 years of trading experience. It started in 1784 as an exclusive supplier of rum to the Royal Navy, later getting into the sugar, coffee and cocoa trading business.</p><p><blockquote>这家英国对冲基金拥有230多年的交易经验。它始于1784年，是皇家海军朗姆酒的独家供应商，后来进入糖、咖啡和可可贸易业务。</blockquote></p><p> As of December 31, 2020, Man Group had $123.6 billion in assets under management. </p><p><blockquote>截至2020年12月31日，英仕曼集团管理的资产为1236亿美元。</blockquote></p><p> <b>Elliott Management</b></p><p><blockquote><b>埃利奥特管理公司</b></blockquote></p><p> Elliot Management describes its investment mandate as \"extremely broad\" and encompassing of almost every asset type:distressed securities, equities, hedging andarbitragepositions, commodities, real estate-related securities, etc. In August 2019, Elliot acquired book retailer Barnes & Noble. It had earlier acquired British bookseller Waterstones. The company is based in New York and was founded by Paul Singer in 1977.</p><p><blockquote>Elliot Management将其投资任务描述为“极其广泛”，几乎涵盖了所有资产类型：不良证券、股票、对冲和套利头寸、大宗商品、房地产相关证券等。2019年8月，Elliot收购了图书零售商Barnes&Noble。它早些时候收购了英国书商Waterstones。该公司总部位于纽约，由保罗·辛格于1977年创立。</blockquote></p><p> As of December 31, 2019, Elliot had $73.5 billion in assets under management and $40 billion of net assets under management on a discretionary basis.</p><p><blockquote>截至2019年12月31日，Elliot管理的资产为735亿美元，全权管理的净资产为400亿美元。</blockquote></p><p> <b>Two Sigma Investments</b></p><p><blockquote><b>两个西格玛投资</b></blockquote></p><p> Two Sigma Investments is based in New York and was founded by John Overdeck and David Siegel in April 2002. The company uses quantitative analysis to build mathematical strategies that rely on historical price patterns and other data.</p><p><blockquote>Two Sigma Investments总部位于纽约，由John Overdeck和David Siegel于2002年4月创立。该公司使用定量分析来构建依赖于历史价格模式和其他数据的数学策略。</blockquote></p><p> As of March 31, 2021, Two Sigma Investments had $68.9 billion under management.</p><p><blockquote>截至2021年3月31日，Two Sigma Investments管理着689亿美元。</blockquote></p><p> <b>Millennium Management</b></p><p><blockquote><b>千禧管理</b></blockquote></p><p></p><p> Millennium Management is based in New York and was founded in 1989. The company offers discretionary advisory services to private funds.</p><p><blockquote>Millennium Management总部位于纽约，成立于1989年。该公司向私募基金提供全权委托咨询服务。</blockquote></p><p> As of December 31, 2019, Millennium had $42 billion under management.</p><p><blockquote>截至2019年12月31日，Millennium管理着420亿美元。</blockquote></p><p> The company is lead by Chair Israel Englander, who founded Millennium with $35 million in capital following a career as a floor broker, trader, and options specialist on theAmerican Stock Exchange.</p><p><blockquote>该公司由董事长Israel Englander领导，他在美国证券交易所担任场内经纪人、交易员和期权专家后，以3500万美元的资本创立了Millennium。</blockquote></p><p> <b>Davidson Kempner Capital Management</b></p><p><blockquote><b>戴维森·肯普纳资本管理公司</b></blockquote></p><p> Davidson Kempner Capital Management is based in New York and has affiliate offices in London, Hong Kong and Dublin. The company began managing capital for investors in 1987. It focuses onbankruptcies, convertible arbitrage, merger arbitrage, distressed investments, event-driven equities andrestructuringsituations.</p><p><blockquote>戴维森·肯普纳资本管理公司总部位于纽约，在伦敦、香港和都柏林设有分支机构。该公司于1987年开始为投资者管理资本。它重点关注破产、可转换套利、合并套利、不良投资、事件驱动的股票和重组情况。</blockquote></p><p> As of January 31, 2021, Davidson Kempner had $34.8 billion under management and its net assets under management were $33.1 billion.</p><p><blockquote>截至2021年1月31日，戴维森·肯普纳的管理资产为348亿美元，管理净资产为331亿美元。</blockquote></p><p> <b>Citadel Advisors</b></p><p><blockquote><b>城堡顾问</b></blockquote></p><p> Citadel Advisors is based in Chicago and focuses on equities, fixed income and macro, commodities, credit and quantitative strategies.</p><p><blockquote>Citadel Advisors总部位于芝加哥，专注于股票、固定收益和宏观、大宗商品、信贷和量化策略。</blockquote></p><p> As of March 31, 2021, Citadel had $33.1 billion in assets under management.</p><p><blockquote>截至2021年3月31日，Citadel管理的资产为331亿美元。</blockquote></p><p> In 1987, founder Kenneth Griffin began trading from his dorm room as a 19-year-old sophomore at Harvard University. He founded Citadel in 1990.</p><p><blockquote>1987年，创始人肯尼斯·格里芬(Kenneth Griffin)19岁时在哈佛大学大二学生的宿舍里开始交易。他在1990年创建了Citadel。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.investopedia.com/articles/personal-finance/011515/worlds-top-10-hedge-fund-firms.asp?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral\">Investopedia</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.investopedia.com/articles/personal-finance/011515/worlds-top-10-hedge-fund-firms.asp?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139439438","content_text":"Hedge fundsare alternative investments that use a variety of methods such as leveragedderivatives, short-selling, and other speculative strategies to earn a return that outperforms the broader market. Hedge funds invest in domestic and international markets alike. They typically impose $1 million minimums and targethigh-net-worth individuals,pension funds, and institutional investors.\nAs a result, hedge funds invariably carry higher risk than traditional investments. They are not subject to the same regulations asmutual fundsand may not be required to file reports with theU.S. Securities and Exchange Commission(SEC).\nThe following 10 hedge fund firms dominate the space, based on totalassets under management(AUM) as of June 2021.\nThe World’s Top 10 Hedge Fund FirmsBlackrock Advisors\nBlackrock Advisors\nBlackRock (BLK) is a New York-based investment manager that manages trillions in assets. The largest BlackRock entity, BlackRock Fund Advisors, has been in operation since 1984 and oversees $1.9 trillion in assets.\nBlackRock Financial Management was founded in 1994 and oversees $2.25 trillion. BlackRock Advisors, its internal hedge fund, started in 1994 and now handles $789.57 billion.\nAQR Capital Management\nAQR Capital Management is based in Greenwich, Conn., and usesquantitative analysisto develop financial models focused on value and momentum investing. ACR implements its strategies via mutual funds, a type of mutual offered in Europe known asUndertakings for Collective Investment in Transferable Securities, and sponsored funds and managed accounts.\nAs of March 31, 2020, AQR had $164billion under management. It also earned advisory feeds on another $224.8 billion in assets.\nCliff Asness founded the company along with partners John Liew, Robert Krail, and David Kabiller. The four had worked together on a hedge fund at Goldman Sachs. AQR launched its Absolute Return fund in August 1998, the same monthLong Term Capital Managementimploded.\nBridgewater Associates\nBridgewater Associates is based in Westport, Conn., and provides services to pension funds, foreign governments, central banks,university endowments, charitable foundations, and other institutional investors.6Co-chair and co-chief investment officer Ray Dalio founded the firm in 1975 from his two-bedroom New York apartment.\nThe company offers four main funds:\n\nPure Alpha, which focuses on active investment strategy\nPure Alpha Major Markets, which targets a subset of opportunities that the Pure Alpha fund invests in\nAll Weather, which uses an asset allocation strategy\nOptimal Portfolio, which combines aspects of the All Weather fund with active management\n\nAs of March 27, 2021, the fund had $154 billion under management.\nRenaissance Technologies\nRenaissance Technologies is a New York-based quantitative hedge fund that uses mathematical and statistical methods to uncover technical indicators that drive its automated trading strategies. Renaissance applies these strategies to U.S. and international equities, debt instruments,futures contracts,forward contractsandforeign exchange.\nAs of June 3, 2021, the fund had $130 billion under management.\nMathematician Jim Simons founded Renaissance Technologies in 1982.Forbeslists Simons as the 68th wealthiest person in the world as of Jan. 13, 2021, worth $23.5 billion. Mathematician Peter Brown is the current chief executive.\nMan Group\nThis British hedge fund has more than 230 years of trading experience. It started in 1784 as an exclusive supplier of rum to the Royal Navy, later getting into the sugar, coffee and cocoa trading business.\nAs of December 31, 2020, Man Group had $123.6 billion in assets under management. \nElliott Management\nElliot Management describes its investment mandate as \"extremely broad\" and encompassing of almost every asset type:distressed securities, equities, hedging andarbitragepositions, commodities, real estate-related securities, etc. In August 2019, Elliot acquired book retailer Barnes & Noble. It had earlier acquired British bookseller Waterstones. The company is based in New York and was founded by Paul Singer in 1977.\nAs of December 31, 2019, Elliot had $73.5 billion in assets under management and $40 billion of net assets under management on a discretionary basis.\nTwo Sigma Investments\nTwo Sigma Investments is based in New York and was founded by John Overdeck and David Siegel in April 2002. The company uses quantitative analysis to build mathematical strategies that rely on historical price patterns and other data.\nAs of March 31, 2021, Two Sigma Investments had $68.9 billion under management.\nMillennium Management\nMillennium Management is based in New York and was founded in 1989. The company offers discretionary advisory services to private funds.\nAs of December 31, 2019, Millennium had $42 billion under management.\nThe company is lead by Chair Israel Englander, who founded Millennium with $35 million in capital following a career as a floor broker, trader, and options specialist on theAmerican Stock Exchange.\nDavidson Kempner Capital Management\nDavidson Kempner Capital Management is based in New York and has affiliate offices in London, Hong Kong and Dublin. The company began managing capital for investors in 1987. It focuses onbankruptcies, convertible arbitrage, merger arbitrage, distressed investments, event-driven equities andrestructuringsituations.\nAs of January 31, 2021, Davidson Kempner had $34.8 billion under management and its net assets under management were $33.1 billion.\nCitadel Advisors\nCitadel Advisors is based in Chicago and focuses on equities, fixed income and macro, commodities, credit and quantitative strategies.\nAs of March 31, 2021, Citadel had $33.1 billion in assets under management.\nIn 1987, founder Kenneth Griffin began trading from his dorm room as a 19-year-old sophomore at Harvard University. He founded Citadel in 1990.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1812,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128245104,"gmtCreate":1624521164508,"gmtModify":1634004926049,"author":{"id":"4087373693822840","authorId":"4087373693822840","name":"aryu1901","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087373693822840","idStr":"4087373693822840"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128245104","repostId":"1118732537","repostType":4,"repost":{"id":"1118732537","kind":"news","pubTimestamp":1624517129,"share":"https://www.laohu8.com/m/news/1118732537?lang=zh_CN&edition=full","pubTime":"2021-06-24 14:45","market":"us","language":"en","title":"The \"Great Reset\" Is Here, Part 1: The New Blueprint For Worldwide Inflation<blockquote>“大重置”来了，上篇：全球通胀新蓝图</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1118732537","media":"zerohedge","summary":"For years, currency analysts (myself included) have looked forsigns of an international monetary “re","content":"<p>For years, currency analysts (myself included) have looked for<b>signs of an international monetary “reset” that would diminish the dollar’s role as the leading reserve currency and replace it with a substitute,</b>which would be agreed upon at some Bretton Woods-style monetary conference.</p><p><blockquote>多年来，货币分析师（包括我自己）一直在寻找<b>国际货币“重置”的迹象将削弱美元作为主要储备货币的作用，</b>这将在布雷顿森林式的货币会议上达成一致。</blockquote></p><p> <b>Now, it looks like the move towards the long-expected Great Reset is accelerating.</b></p><p><blockquote><b>现在，看起来期待已久的大重置正在加速。</b></blockquote></p><p> At the recent G7 summit in the UK, G7 leaders gave their blessings to a $100 billion allocation of IMF special drawing rights (SDRs) to help lower-income countries address the COVID-19 crisis.</p><p><blockquote>在最近于英国举行的七国集团峰会上，七国集团领导人对国际货币基金组织分配1000亿美元特别提款权（SDR）以帮助低收入国家应对COVID-19危机表示祝福。</blockquote></p><p> President Biden fully supports the idea. The White House issued the following statement:</p><p><blockquote>拜登总统完全支持这个想法。白宫发表声明如下：</blockquote></p><p> <i>The United States and our G7 partners are actively considering a global effort to multiply the impact of the proposed Special Drawing Rights (SDR) allocation to the countries most in need…At potentially up to $100 billion in size, the proposed effort would further support health needs – including vaccinations…</i> <b>A separate press release from the same day continued the same sentiment, stating, “We strongly support the effort to recycle SDRs to further support health needs.”</b></p><p><blockquote><i>美国和我们的七国集团合作伙伴正在积极考虑一项全球努力，以扩大拟议的特别提款权(SDR)分配对最需要的国家的影响……拟议的努力规模可能高达1000亿美元，将进一步支持健康需求——包括疫苗接种……</i><b>同一天的另一份新闻稿延续了同样的观点，称：“我们强烈支持回收特别提款权以进一步支持卫生需求的努力。”</b></blockquote></p><p> In another development, IMF Managing Director Kristalina Georgieva said last Wednesday that she expected the fund’s governors to approve a $650 billion allocation of SDRs in mid-August.</p><p><blockquote>在另一项进展中，国际货币基金组织总裁克里斯塔利娜·格奥尔基耶娃上周三表示，她预计该基金理事将在8月中旬批准6500亿美元的特别提款权分配。</blockquote></p><p> <u><b>What exactly are SDRs?</b></u></p><p><blockquote><u><b>SDR到底是什么？</b></u></blockquote></p><p> <b>Basically, they’re world money.</b></p><p><blockquote><b>基本上，它们是世界货币。</b></blockquote></p><p> In 1969, the IMF created the SDR, possibly to serve as a source of liquidity and alternative to the dollar.</p><p><blockquote>1969年，国际货币基金组织创造了特别提款权，可能是作为流动性来源和美元的替代品。</blockquote></p><p> <b>In 1971, the dollar did devalue relative to gold and other major currencies. SDRs were issued by the IMF from 1970 to 1981. None were issued after 1981 until 2009 during the global financial crisis.</b></p><p><blockquote><b>1971年，美元相对于黄金和其他主要货币确实贬值了。特别提款权由国际货币基金组织于1970年至1981年发行。1981年之后至2009年全球金融危机期间，均未发行。</b></blockquote></p><p> The 2009 issuance was a case of the IMF “testing the plumbing” of the system to make sure it worked properly. Because zero SDRs were issued from 1981–2009, the IMF wanted to rehearse the governance, computational, and legal processes for issuing SDRs.</p><p><blockquote>2009年的发行是国际货币基金组织“测试”该系统以确保其正常运行的一个例子。由于1981年至2009年期间没有发行特别提款权，国际货币基金组织希望演练发行特别提款权的治理、计算和法律流程。</blockquote></p><p> The purpose was partly to alleviate liquidity concerns at the time, but it was also to make sure the system works in case a large, new issuance was needed on short notice. The 2009 experiment showed the system worked fine.</p><p><blockquote>其目的部分是缓解当时的流动性担忧，但也是为了确保该系统在短时间内需要大量新发行的情况下发挥作用。2009年的实验表明该系统运行良好。</blockquote></p><p> Since 2009, the IMF has proceeded in slow steps to create a platform for massive new issuances of SDRs and establish a deep liquid pool of SDR-denominated assets.</p><p><blockquote>自2009年以来，国际货币基金组织一直在缓慢地为大规模新发行SDR创建一个平台，并建立一个以SDR计价的资产的深度流动性池。</blockquote></p><p> On January 7, 2011, the IMF issued a master plan for replacing the dollar with SDRs.</p><p><blockquote>2011年1月7日，IMF发布了用特别提款权替代美元的总体规划。</blockquote></p><p> This included creating an SDR bond market, SDR dealers, and ancillary facilities such as repos, derivatives, settlement and clearance channels, and the entire apparatus of a liquid bond market.</p><p><blockquote>这包括创建特别提款权债券市场、特别提款权交易商和辅助设施，如回购、衍生品、结算和清算渠道，以及流动性债券市场的整个设备。</blockquote></p><p> A liquid bond market is critical. U.S. Treasury bonds are among the world’s most liquid securities, which makes the dollar a legitimate reserve currency.</p><p><blockquote>流动性强的债券市场至关重要。美国国债是世界上流动性最强的证券之一，这使得美元成为合法的储备货币。</blockquote></p><p> <b>The IMF study recommended that the SDR bond market replicate the infrastructure of the U.S. Treasury market, with hedging, financing, settlement and clearance mechanisms substantially similar to those used to support trading in Treasury securities today.</b></p><p><blockquote><b>国际货币基金组织的研究建议，特别提款权债券市场复制美国国债市场的基础设施，其对冲、融资、结算和清算机制与今天用于支持国债交易的机制基本相似。</b></blockquote></p><p> In August 2016, the World Bank announced that it would issue SDR-denominated bonds to private purchasers. Industrial and Commercial Bank of China (ICBC), the largest bank in China, will be the lead underwriter on the deal.</p><p><blockquote>2016年8月，世界银行宣布将向私人购买者发行SDR计价债券。中国最大的银行中国工商银行（ICBC）将担任该交易的主承销商。</blockquote></p><p> In September 2016, the IMF included the Chinese yuan in the SDR basket, giving China a seat at the monetary table.</p><p><blockquote>2016年9月，国际货币基金组织将人民币纳入特别提款权篮子，让中国在货币桌上获得了一个席位。</blockquote></p><p> <b>So, the framework has been created to expand the SDR’s scope.</b></p><p><blockquote><b>因此，该框架旨在扩大特别提款权的范围。</b></blockquote></p><p> The SDR can be issued in abundance to IMF members and used in the future for a select list of the most important transactions in the world, including balance-of-payments settlements, oil pricing, and the financial accounts of the world’s largest corporations, such as Exxon Mobil, Toyota, and Royal Dutch Shell.</p><p><blockquote>特别提款权可以大量发行给国际货币基金组织成员国，并在未来用于世界上最重要的交易，包括国际收支结算、石油定价以及世界上最大公司的财务账户，如埃克森美孚、丰田和荷兰皇家壳牌。</blockquote></p><p> The basic idea behind the SDR is that the<b>global monetary system centered around the dollar is inherently unstable</b>and needs to be reformed.</p><p><blockquote>特别提款权背后的基本理念是<b>以美元为中心的全球货币体系本来就不稳定</b>需要改革。</blockquote></p><p> Part of the problem is due to a process called Triffin’s Dilemma, named after economist Robert Triffin. Triffin said that the issuer of a dominant reserve currency had to run trade deficits so that the rest of the world could have enough of the currency to buy goods from the issuer and expand world trade.</p><p><blockquote>部分问题是由于一个名为特里芬困境的过程，特里芬困境以经济学家罗伯特·特里芬的名字命名。特里芬表示，占主导地位的储备货币的发行国必须出现贸易逆差，这样世界其他国家才能有足够的货币从发行国购买商品并扩大世界贸易。</blockquote></p><p> But, if you run deficits long enough, you would eventually go broke. This was said about the dollar in the early 1960s. The SDR would solve Triffin’s Dilemma.</p><p><blockquote>但是，如果你赤字的时间足够长，你最终会破产。这是20世纪60年代初关于美元的说法。特别提款权将解决特里芬的困境。</blockquote></p><p> I wrote about SDRs and the global elite plans for them in the second chapter of my 2016 book, <i>The Road to Ruin</i>.</p><p><blockquote>我在2016年出版的书的第二章中写到了特别提款权和全球精英对它们的计划，<i>毁灭之路</i>.</blockquote></p><p> <b>Over the next several years, we will see the issuance of SDRs to transnational organizations, such as the U.N. and World Bank, for spending on climate change infrastructure and other elite pet projects outside the supervision of any democratically elected bodies.</b></p><p><blockquote><b>未来几年，我们将看到向联合国和世界银行等跨国组织发行特别提款权，用于气候变化基础设施和其他不受任何民选机构监督的精英宠物项目。</b></blockquote></p><p> I call this the New Blueprint for Worldwide Inflation.</p><p><blockquote>我看涨期权这是全球通货膨胀的新蓝图。</blockquote></p><p></p><p> <b>But Triffin’s Dilemma is not the only dynamic that’s pushing the world away from the dollar.</b></p><p><blockquote><b>但特里芬的困境并不是推动世界远离美元的唯一动力。</b></blockquote></p><p> <i>In Part 2, we show you why the weaponization of the dollar by the U.S. government is pushing the world to seek alternatives.</i></p><p><blockquote><i>在第2部分中，我们将向您展示为什么美国政府将美元武器化正在推动世界寻求替代方案。</i></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The \"Great Reset\" Is Here, Part 1: The New Blueprint For Worldwide Inflation<blockquote>“大重置”来了，上篇：全球通胀新蓝图</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe \"Great Reset\" Is Here, Part 1: The New Blueprint For Worldwide Inflation<blockquote>“大重置”来了，上篇：全球通胀新蓝图</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-06-24 14:45</span>\n</p>\n</h4>\n</header>\n<article>\n<p>For years, currency analysts (myself included) have looked for<b>signs of an international monetary “reset” that would diminish the dollar’s role as the leading reserve currency and replace it with a substitute,</b>which would be agreed upon at some Bretton Woods-style monetary conference.</p><p><blockquote>多年来，货币分析师（包括我自己）一直在寻找<b>国际货币“重置”的迹象将削弱美元作为主要储备货币的作用，</b>这将在布雷顿森林式的货币会议上达成一致。</blockquote></p><p> <b>Now, it looks like the move towards the long-expected Great Reset is accelerating.</b></p><p><blockquote><b>现在，看起来期待已久的大重置正在加速。</b></blockquote></p><p> At the recent G7 summit in the UK, G7 leaders gave their blessings to a $100 billion allocation of IMF special drawing rights (SDRs) to help lower-income countries address the COVID-19 crisis.</p><p><blockquote>在最近于英国举行的七国集团峰会上，七国集团领导人对国际货币基金组织分配1000亿美元特别提款权（SDR）以帮助低收入国家应对COVID-19危机表示祝福。</blockquote></p><p> President Biden fully supports the idea. The White House issued the following statement:</p><p><blockquote>拜登总统完全支持这个想法。白宫发表声明如下：</blockquote></p><p> <i>The United States and our G7 partners are actively considering a global effort to multiply the impact of the proposed Special Drawing Rights (SDR) allocation to the countries most in need…At potentially up to $100 billion in size, the proposed effort would further support health needs – including vaccinations…</i> <b>A separate press release from the same day continued the same sentiment, stating, “We strongly support the effort to recycle SDRs to further support health needs.”</b></p><p><blockquote><i>美国和我们的七国集团合作伙伴正在积极考虑一项全球努力，以扩大拟议的特别提款权(SDR)分配对最需要的国家的影响……拟议的努力规模可能高达1000亿美元，将进一步支持健康需求——包括疫苗接种……</i><b>同一天的另一份新闻稿延续了同样的观点，称：“我们强烈支持回收特别提款权以进一步支持卫生需求的努力。”</b></blockquote></p><p> In another development, IMF Managing Director Kristalina Georgieva said last Wednesday that she expected the fund’s governors to approve a $650 billion allocation of SDRs in mid-August.</p><p><blockquote>在另一项进展中，国际货币基金组织总裁克里斯塔利娜·格奥尔基耶娃上周三表示，她预计该基金理事将在8月中旬批准6500亿美元的特别提款权分配。</blockquote></p><p> <u><b>What exactly are SDRs?</b></u></p><p><blockquote><u><b>SDR到底是什么？</b></u></blockquote></p><p> <b>Basically, they’re world money.</b></p><p><blockquote><b>基本上，它们是世界货币。</b></blockquote></p><p> In 1969, the IMF created the SDR, possibly to serve as a source of liquidity and alternative to the dollar.</p><p><blockquote>1969年，国际货币基金组织创造了特别提款权，可能是作为流动性来源和美元的替代品。</blockquote></p><p> <b>In 1971, the dollar did devalue relative to gold and other major currencies. SDRs were issued by the IMF from 1970 to 1981. None were issued after 1981 until 2009 during the global financial crisis.</b></p><p><blockquote><b>1971年，美元相对于黄金和其他主要货币确实贬值了。特别提款权由国际货币基金组织于1970年至1981年发行。1981年之后至2009年全球金融危机期间，均未发行。</b></blockquote></p><p> The 2009 issuance was a case of the IMF “testing the plumbing” of the system to make sure it worked properly. Because zero SDRs were issued from 1981–2009, the IMF wanted to rehearse the governance, computational, and legal processes for issuing SDRs.</p><p><blockquote>2009年的发行是国际货币基金组织“测试”该系统以确保其正常运行的一个例子。由于1981年至2009年期间没有发行特别提款权，国际货币基金组织希望演练发行特别提款权的治理、计算和法律流程。</blockquote></p><p> The purpose was partly to alleviate liquidity concerns at the time, but it was also to make sure the system works in case a large, new issuance was needed on short notice. The 2009 experiment showed the system worked fine.</p><p><blockquote>其目的部分是缓解当时的流动性担忧，但也是为了确保该系统在短时间内需要大量新发行的情况下发挥作用。2009年的实验表明该系统运行良好。</blockquote></p><p> Since 2009, the IMF has proceeded in slow steps to create a platform for massive new issuances of SDRs and establish a deep liquid pool of SDR-denominated assets.</p><p><blockquote>自2009年以来，国际货币基金组织一直在缓慢地为大规模新发行SDR创建一个平台，并建立一个以SDR计价的资产的深度流动性池。</blockquote></p><p> On January 7, 2011, the IMF issued a master plan for replacing the dollar with SDRs.</p><p><blockquote>2011年1月7日，IMF发布了用特别提款权替代美元的总体规划。</blockquote></p><p> This included creating an SDR bond market, SDR dealers, and ancillary facilities such as repos, derivatives, settlement and clearance channels, and the entire apparatus of a liquid bond market.</p><p><blockquote>这包括创建特别提款权债券市场、特别提款权交易商和辅助设施，如回购、衍生品、结算和清算渠道，以及流动性债券市场的整个设备。</blockquote></p><p> A liquid bond market is critical. U.S. Treasury bonds are among the world’s most liquid securities, which makes the dollar a legitimate reserve currency.</p><p><blockquote>流动性强的债券市场至关重要。美国国债是世界上流动性最强的证券之一，这使得美元成为合法的储备货币。</blockquote></p><p> <b>The IMF study recommended that the SDR bond market replicate the infrastructure of the U.S. Treasury market, with hedging, financing, settlement and clearance mechanisms substantially similar to those used to support trading in Treasury securities today.</b></p><p><blockquote><b>国际货币基金组织的研究建议，特别提款权债券市场复制美国国债市场的基础设施，其对冲、融资、结算和清算机制与今天用于支持国债交易的机制基本相似。</b></blockquote></p><p> In August 2016, the World Bank announced that it would issue SDR-denominated bonds to private purchasers. Industrial and Commercial Bank of China (ICBC), the largest bank in China, will be the lead underwriter on the deal.</p><p><blockquote>2016年8月，世界银行宣布将向私人购买者发行SDR计价债券。中国最大的银行中国工商银行（ICBC）将担任该交易的主承销商。</blockquote></p><p> In September 2016, the IMF included the Chinese yuan in the SDR basket, giving China a seat at the monetary table.</p><p><blockquote>2016年9月，国际货币基金组织将人民币纳入特别提款权篮子，让中国在货币桌上获得了一个席位。</blockquote></p><p> <b>So, the framework has been created to expand the SDR’s scope.</b></p><p><blockquote><b>因此，该框架旨在扩大特别提款权的范围。</b></blockquote></p><p> The SDR can be issued in abundance to IMF members and used in the future for a select list of the most important transactions in the world, including balance-of-payments settlements, oil pricing, and the financial accounts of the world’s largest corporations, such as Exxon Mobil, Toyota, and Royal Dutch Shell.</p><p><blockquote>特别提款权可以大量发行给国际货币基金组织成员国，并在未来用于世界上最重要的交易，包括国际收支结算、石油定价以及世界上最大公司的财务账户，如埃克森美孚、丰田和荷兰皇家壳牌。</blockquote></p><p> The basic idea behind the SDR is that the<b>global monetary system centered around the dollar is inherently unstable</b>and needs to be reformed.</p><p><blockquote>特别提款权背后的基本理念是<b>以美元为中心的全球货币体系本来就不稳定</b>需要改革。</blockquote></p><p> Part of the problem is due to a process called Triffin’s Dilemma, named after economist Robert Triffin. Triffin said that the issuer of a dominant reserve currency had to run trade deficits so that the rest of the world could have enough of the currency to buy goods from the issuer and expand world trade.</p><p><blockquote>部分问题是由于一个名为特里芬困境的过程，特里芬困境以经济学家罗伯特·特里芬的名字命名。特里芬表示，占主导地位的储备货币的发行国必须出现贸易逆差，这样世界其他国家才能有足够的货币从发行国购买商品并扩大世界贸易。</blockquote></p><p> But, if you run deficits long enough, you would eventually go broke. This was said about the dollar in the early 1960s. The SDR would solve Triffin’s Dilemma.</p><p><blockquote>但是，如果你赤字的时间足够长，你最终会破产。这是20世纪60年代初关于美元的说法。特别提款权将解决特里芬的困境。</blockquote></p><p> I wrote about SDRs and the global elite plans for them in the second chapter of my 2016 book, <i>The Road to Ruin</i>.</p><p><blockquote>我在2016年出版的书的第二章中写到了特别提款权和全球精英对它们的计划，<i>毁灭之路</i>.</blockquote></p><p> <b>Over the next several years, we will see the issuance of SDRs to transnational organizations, such as the U.N. and World Bank, for spending on climate change infrastructure and other elite pet projects outside the supervision of any democratically elected bodies.</b></p><p><blockquote><b>未来几年，我们将看到向联合国和世界银行等跨国组织发行特别提款权，用于气候变化基础设施和其他不受任何民选机构监督的精英宠物项目。</b></blockquote></p><p> I call this the New Blueprint for Worldwide Inflation.</p><p><blockquote>我看涨期权这是全球通货膨胀的新蓝图。</blockquote></p><p></p><p> <b>But Triffin’s Dilemma is not the only dynamic that’s pushing the world away from the dollar.</b></p><p><blockquote><b>但特里芬的困境并不是推动世界远离美元的唯一动力。</b></blockquote></p><p> <i>In Part 2, we show you why the weaponization of the dollar by the U.S. government is pushing the world to seek alternatives.</i></p><p><blockquote><i>在第2部分中，我们将向您展示为什么美国政府将美元武器化正在推动世界寻求替代方案。</i></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/geopolitical/great-reset-here-part-1-new-blueprint-worldwide-inflation\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.zerohedge.com/geopolitical/great-reset-here-part-1-new-blueprint-worldwide-inflation","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118732537","content_text":"For years, currency analysts (myself included) have looked forsigns of an international monetary “reset” that would diminish the dollar’s role as the leading reserve currency and replace it with a substitute,which would be agreed upon at some Bretton Woods-style monetary conference.\nNow, it looks like the move towards the long-expected Great Reset is accelerating.\nAt the recent G7 summit in the UK, G7 leaders gave their blessings to a $100 billion allocation of IMF special drawing rights (SDRs) to help lower-income countries address the COVID-19 crisis.\nPresident Biden fully supports the idea. The White House issued the following statement:\n\nThe United States and our G7 partners are actively considering a global effort to multiply the impact of the proposed Special Drawing Rights (SDR) allocation to the countries most in need…At potentially up to $100 billion in size, the proposed effort would further support health needs – including vaccinations…\n\nA separate press release from the same day continued the same sentiment, stating, “We strongly support the effort to recycle SDRs to further support health needs.”\nIn another development, IMF Managing Director Kristalina Georgieva said last Wednesday that she expected the fund’s governors to approve a $650 billion allocation of SDRs in mid-August.\nWhat exactly are SDRs?\nBasically, they’re world money.\nIn 1969, the IMF created the SDR, possibly to serve as a source of liquidity and alternative to the dollar.\nIn 1971, the dollar did devalue relative to gold and other major currencies. SDRs were issued by the IMF from 1970 to 1981. None were issued after 1981 until 2009 during the global financial crisis.\nThe 2009 issuance was a case of the IMF “testing the plumbing” of the system to make sure it worked properly. Because zero SDRs were issued from 1981–2009, the IMF wanted to rehearse the governance, computational, and legal processes for issuing SDRs.\nThe purpose was partly to alleviate liquidity concerns at the time, but it was also to make sure the system works in case a large, new issuance was needed on short notice. The 2009 experiment showed the system worked fine.\nSince 2009, the IMF has proceeded in slow steps to create a platform for massive new issuances of SDRs and establish a deep liquid pool of SDR-denominated assets.\nOn January 7, 2011, the IMF issued a master plan for replacing the dollar with SDRs.\nThis included creating an SDR bond market, SDR dealers, and ancillary facilities such as repos, derivatives, settlement and clearance channels, and the entire apparatus of a liquid bond market.\nA liquid bond market is critical. U.S. Treasury bonds are among the world’s most liquid securities, which makes the dollar a legitimate reserve currency.\nThe IMF study recommended that the SDR bond market replicate the infrastructure of the U.S. Treasury market, with hedging, financing, settlement and clearance mechanisms substantially similar to those used to support trading in Treasury securities today.\nIn August 2016, the World Bank announced that it would issue SDR-denominated bonds to private purchasers. Industrial and Commercial Bank of China (ICBC), the largest bank in China, will be the lead underwriter on the deal.\nIn September 2016, the IMF included the Chinese yuan in the SDR basket, giving China a seat at the monetary table.\nSo, the framework has been created to expand the SDR’s scope.\nThe SDR can be issued in abundance to IMF members and used in the future for a select list of the most important transactions in the world, including balance-of-payments settlements, oil pricing, and the financial accounts of the world’s largest corporations, such as Exxon Mobil, Toyota, and Royal Dutch Shell.\nThe basic idea behind the SDR is that theglobal monetary system centered around the dollar is inherently unstableand needs to be reformed.\nPart of the problem is due to a process called Triffin’s Dilemma, named after economist Robert Triffin. Triffin said that the issuer of a dominant reserve currency had to run trade deficits so that the rest of the world could have enough of the currency to buy goods from the issuer and expand world trade.\nBut, if you run deficits long enough, you would eventually go broke. This was said about the dollar in the early 1960s. The SDR would solve Triffin’s Dilemma.\nI wrote about SDRs and the global elite plans for them in the second chapter of my 2016 book, The Road to Ruin.\nOver the next several years, we will see the issuance of SDRs to transnational organizations, such as the U.N. and World Bank, for spending on climate change infrastructure and other elite pet projects outside the supervision of any democratically elected bodies.\nI call this the New Blueprint for Worldwide Inflation.\nBut Triffin’s Dilemma is not the only dynamic that’s pushing the world away from the dollar.\nIn Part 2, we show you why the weaponization of the dollar by the U.S. government is pushing the world to seek alternatives.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":1547,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
