Our hedge fund operates in Europe, mostly to European investors, but due to the origin of its owners and managers have contacts with the countries of the former Soviet Union, respectively, and there are several Russian-speaking clients. Therefore it is interesting to compare the attitude of Western man and man, our 'to such a financial instrument, which is the hedge funds.
Another long Russian investors will have to explain what it is - the hedge funds. Once seen, they do not often travel through Runet looking for a suitable hedge fund and generally any information on this account.
Among those who have an idea of this financial instrument is dominated by asset managers, Undergraduate and graduate students. Still, of course, journalists who write on financial topics, although they are unlikely to try to deeply understand the subject - rather, just make on the life of spectacular material.
far as is known hedge funds abroad? You can make a search query «hedge fund» and obtain a list of nearly two hundred books that are entirely devoted to describing hedge funds as a financial instrument, or containing mention of them. And this is only a small fraction of existing in the west of the literature on the subject.
In addition, there are several dozen more or less serious case of Internet resources, a few Institutions claiming to institutions specialized in the study of hedge funds, as well as a decent number of research and consulting firms, from time to time releasing their reviews of the market.
In Russia, there are entire two books, one website and legislative innovations that do not cause much inspiration from the professionals.
interesting to compare the tone, which highlights the life of the hedge funds to Russian and foreign media.
Abroad Hedge funds have become a serious financial instrument that uses a wide range of investors: from wealthy individuals to large financial institutions such as pension funds. Therefore, the publication in English of information resources in recent years tell us about how "poor" Hedge funds are rigid plan that SEC, then the legislators of the EU regulation and how the public in the face of small business managers of large companies, some officials and even church periodically rise to their defense.
In Russia, a news story on hedge funds do not. Therefore, journalists must take that somehow we can apply (or understanding) for the Russian reader. In this case, the tone of the publications rather be called a negative-ironic. For Russian Reader hedge funds are seen as monsters generated to destroy the financial system.
In a recent publication even highlights that "ordinary Russian mutual funds managed to beat the Overseas hedge funds and their leverage." And, as always, forget to mention what a "gift" will make the Russian Funds to its investors in an already not close in 2008 and that the cumulative returns of hedge funds over a long interval will be inaccessible to "ordinary" Mutual funds.
mutual funds - it is certainly not a financial instrument with which it makes sense to compare hedge funds. Mutual funds, despite the greater accessibility, in fact, designed for investors who understand what is happening in the market now and what will happen in the future.
Many hedge funds for almost most favorable for investment 10 years forgotten in the time that such a risk and turned into the same mutual funds, applying the strategy of «long only». However, the crisis forced them to be smarter. Now the level of leverage they have lower, and hedging again increasingly finds a place in the portfolio.
Hedge funds are once again becoming the most appropriate tool for investors who do not wish to make active investments in the financial markets, seeking to protect their money and at the same time obtain a reasonable return. To fund that focuses on long-term existence in the market, three-digit returns - it is rather less than dignity. She talks about high-risk operations fund.
In Russia, yet only learning to deal with risks. The case is a long and literally expensive. Change Psychology and attitudes to all sorts of innovation happens not once, but on the basis of experience (preferably, of course, positive) work with a particular financial instrument. Perhaps that is why the majority of Russian (and all Russian-speaking potential customers) is still too early to have their own similar tools. Yet we must gradually gain experience, move forward and try to keep up with the world's leading financial trends, one of which is just the same and are hedge funds.
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