Research On Technical Progress Of The Influence Of The Hedge Fund Investment Management In China

Along with the rising financial market pricing efficiency and the change of the investment environment, the traditional financial instruments have already can't meet the demand of investors' returns. Hedge funds with its diversified investment strategies, professional technology and different financial instruments under the focus of people, it can meet the diversified needs of individual investors and institutional investors. From the point of hedge fund performance, market yields significantly higher than the index of major market rising stage, when the market falls its earnings volatility is less than the market index, built by the hedge funds can effectively spread is a portfolio of market risk. Hedge funds have abroad after decades of development and research for it is more mature, and domestic hedge funds are just getting started. Stock index futures, margin shorting mechanism of launch and innovation for development of domestic onshore hedge funds provides more conditions.This paper first introduces the related concepts of hedge funds, investment strategies of hedge funds and hedge funds own some characteristics. Then this paper introduces the traditional way of investing in hedge funds, portfolio framework of traditional method and the disadvantage of this style of architecture. Secondly, in view of the shortcomings, this paper first theoretically analyzes why hedge funds is not a pure maker of excess returns and more is a provider of risk premium. Hedge funds are analyzed in detail again all the various risks facing the strategy, and analyzes in detail the hedge funds and the benefits of the organic integration of traditional assets together, put forward the optimization method. Again this from multi-angle study of hedge fund investment strategy classification and operation; Then the international hedge fund investment strategy in Chinese stock market on the use of case study and draw conclusions; Finally conclude the whole article and put forward the limitations of hedge fund development in our country and puts forward countermeasures and Suggestions to improve these limitations.Finally, the full text is summarized, and the direction of further research are put forward. Hope this thesis research results will provide beneficial enlightenment for hedge fund investors, so that they get more income in the hedge fund investments.