对冲

Holbrook Working, a pioneer in hedging theory, called this strategy "speculation in the basis,"[1] where the basis is the difference between the hedge's theoretical value and its actual value (or between spot and futures prices in Working's ).

Holbrook Working，对冲理论的先驱，称这种策略为从根本的投机，这个根本就是对冲理论价值与实际价值的差别。

He calculates that $5-$7 of the price is attributable to hedgefunds, which have entered the market in record numbers, taking long positions in part to hedge against their dollar bets.

据他的计算，油价中有5至7美元是对冲基金导致的。这些基金的入市规模已达到创纪录水平，它们持有多头仓位，部分目的就是为了对冲它们手中的美元头寸。

He said that the Hong Kong Tracker Fund of the then government for the purpose of the game with the international hedge funds, which concentrate superior forces to play the "annihilation", as long as the hedge funds would not have打跑a problem, and now the stock market,"the size of non-" play do not run, waiting in line to the listing of more and more companies are a lot of day do not buy one day, so even come up with 200 billion yuan to 3,000 billion yuan enrich stabilization fund, there are "one announced to buy the stock market on the up, revealed the news to sell a stock market or "situation.

他说，香港盈富基金为与国际对冲基金，集中优势兵力打"歼灭战"，只要游戏的目的，当时的政府作为对冲基金不会打跑一个问题，现在的股市，"大小非"玩不运行，排队的越来越多的公司上市是一个很大的一天不买一天，因此，即使拿出2000.0亿元至3000亿元元充实稳定基金，有"一宣布购买股市的上升，透露了这个消息出售股票或"的情况。

Not all of these endeavours have been a success: in the late 1990s, Prof Merton became a partner in the Long Term Capital Management hedge fund, which had $100bn (51bn) in estimated trading positions before imploding in dramatic fashion.

并非所有努力都取得了成功：90年代末，默顿教授成为了对冲基金"长期资本管理"的一个合伙人，这只对冲基金在戏剧性地从内部崩溃之前，拥有的交易头寸估计有1000亿美元。

In the martingale case, our locally risk-minimizing strategy reduces to Moller[5]s one.

在鞅的情形中，我们的局部风险最小对冲策略简化为Moller[5]的风险最小对冲策略。

New Compliance Rule 2-43 requires an FDM to offset positions in a customer account on a first-in, first-out basis, thereby prohibiting a trading practice commonly referred to as "hedging."

新的合规条例2-43要求期货交易商以先进先出的方式直接对冲客户账户内的头寸，即禁止了所谓的"对冲交易"的行为。

Hedge-fund manager Nathaniel Rothschild has made a $100 million commitment to buy shares, and so has the fund firm run by another hedge-fund manager, John Paulson; Robert Kuok, the Malaysian-born billionaire with holdings in palm oil, sugar, hotels and property, is in for $20 million.

对冲基金经理人洛希尔已承诺投资1亿美元购买股票，另一位对冲基金经理人鲍尔森运营的基金公司做了同样的承诺；马来西亚出生、并在棕榈油、食糖、酒店和地产领域拥有亿万财富的富豪郭鹤年，也准备投资2，000万美元。

Some plants have survived because of the jump in heating oil prices which is used as a hedge Roose said with the firms buying bean oil selling biodiesel and hedging it against heating oil.

一些植物的生存，因为出在取暖油价格，这是用来作为对冲roose说，与公司购买豆油销售生物柴油和对冲，这对取暖油。

As with most books on hedge funds, this one is a soft sell for hedge fund investing.

如同大多数书籍对对冲基金，这是一种软售价为对冲基金的投资。

Was founded in 2003, TCI is a British Hedge funds, is also Europe's largest hedge funds, one.

成立于2003年，特克斯和凯科斯群岛是英国的对冲基金，也欧洲最大的对冲基金之一。

Plunder melds and run with this jewel!

掠夺melds和运行与此宝石！

My dream is to be a crazy growing tree and extend at the edge between the city and the forest.

此刻，也许正是在通往天国的路上，我体验着这白色的晕旋。