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我们目前所说的对冲基金,一般是指一种合伙人制的小型私人投资公司,主要投资于公开交易的证券和衍生金融产品。在美国,对冲基金主要以私募方式向投资人募集基金股份。美国证券交易委员会(SEC)限制每个对冲基金的合伙人不超过500个(但美国以外的对冲基金并不限制合伙人的数量),投资者个人必须拥有500万美元以上的证券资产。由于限制合伙人的数量和个人入股投资的起点高,对冲基金基本上是一种富人的投资俱乐部。
The hedge fund we are talking about right now generally refers to a small private investment company with a partner system that invests mainly in publicly traded securities and derivative financial products. In the United States, hedge funds raise fund shares mainly from private investors. The Securities and Exchange Commission restricts the number of partners to more than 500 per hedge fund (but hedge funds outside the United States do not limit the number of partners) and investors must own more than $ 5 million worth of securities. Hedge funds are basically wealthy investment clubs because of the high number of partners and the starting point for individual stocks.