2. The share calculation is the same when selling. For example, you sell 1000 copies. Over time, it will sell your share first, which can reduce the handling fee. If you want to sell 1200 copies, if the next 200 copies are less than seven days, then the next one will be charged a handling fee.
Judging from the number actually sold, it is like this.
The current book value is 3000, and the current net value of 2 yuan X share 1500 = 3000.
If you sell 1000 copies, that's 2000 yuan. There is no handling fee. 1200 copies are sold, and the handling fee is charged for the next 200 copies, that is, the net value of 200 copies is X, and the 2 yuan X rate is 0.0 15=6 yuan.
Suppose you sell 1200 copies.
At this time, the total income is 1500 shares x net value 2- investment 2000= 1000 yuan.
Holding income is total income 1000- income per share 1000/ 1500 x selling 1200 shares-handling fee 6 yuan = 194 yuan.
1, which is the earliest hedge fund, this is still uncertain. During the great bull market in the United States in the 1920s, there were countless such investment tools specifically for the rich. One of the most famous is the Graham-Newman Partnership Fund founded by Benjamin Graham and Jerry Newman.
2. In 2006, Warren Buffett declared in a letter to the American Museum of Finance that the Graham-Newman Partnership Fund in the 1920s was the earliest known hedge fund, but other funds may appear earlier.
3. In the economic recession of 1969- 1970 and the stock market crash of 1973- 1974, many early funds suffered heavy losses and closed down one after another. In 1970s, hedge funds usually focused on one strategy, and most fund managers adopted the long-short stock model. During the economic recession in 1970s, hedge funds were once ignored. It was not until the late 1980s that several successful funds were reported in the media before they returned to people's sight.
The big bull market in the 1990s created a batch of new wealth, and hedge funds blossomed everywhere. Traders and investors pay more attention to hedge funds because they emphasize the income distribution mode with consistent interests and the investment mode of "outperforming the market". In the next decade, the investment strategies of hedge funds will emerge one after another, including credit arbitrage, junk bonds, fixed-income securities, quantitative investment, multi-strategy investment and so on.