Monetary funds mainly invest in some deposits and bonds, which calculate interest every day, so they have income on Saturdays and Sundays; the income of bond funds mainly comes from changes in net worth and bond interest, of which bond interest is based on
It is calculated over 360 days, so bond funds have returns on Saturdays and Sundays.
What is a fund?
Funds can be divided into broad and narrow senses. In the broad sense, they refer to a certain amount of funds established for a certain purpose, such as trust investment funds, provident funds, retirement funds, etc.; in the narrow sense, they refer to funds with specific purposes and uses. Generally speaking, they refer to funds with specific purposes and uses.
The funds mentioned mainly refer to securities investment funds.
The income of securities investment funds comes from the future, and the income performance is inseparable from the performance of the underlying market, which carries certain risks.
Classification of Funds Securities investment funds can be divided into different types according to different standards: (1) According to whether fund units can be added or redeemed, they can be divided into open-end funds and closed-end funds.
Open-end funds are not listed for trading (it depends on the situation). They are purchased and redeemed through banks, securities firms, and fund companies. The fund size is not fixed; closed-end funds have a fixed duration and are generally listed and traded on securities exchanges. Investors pass
Fund units are bought and sold in the secondary market.
(2) According to different organizational forms, they can be divided into corporate funds and contract funds.
A fund is established by issuing fund shares to establish an investment fund company, which is usually called a corporate fund; it is established by a fund manager, a fund custodian and an investor through a fund contract, which is usually called a contract fund.
China's securities investment funds are all contractual funds.
(3) According to different investment risks and returns, they can be divided into growth, income and balanced funds.
(4) According to different investment objects, it can be divided into stock funds, bond funds, money market funds, futures funds, etc.
It is uncertain which hedge fund was the earliest in the form of a fund.
During the great bull market in the United States in the 1920s, there were countless such investment tools specifically for the wealthy.
The most famous of these is the Graham-Newman Partnership fund founded by Benjamin Graham and Jerry Newman.
In 2006, Warren Buffett claimed in a letter to the Museum of American Finance magazine that the Graham-Newman partnership in the 1920s was the earliest hedge fund he knew of, but other funds were likely earlier.
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During the 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 the 1970s, hedge funds generally specialized in one strategy, with most fund managers adopting a long/short stock model.
During the recession of the 1970s, hedge funds were largely ignored until the media reported several highly successful funds in the late 1980s.
The bull market of the 1990s created a new class of wealthy people, and hedge funds blossomed everywhere.
Traders and investors pay more attention to hedge funds because of their emphasis on interest-aligned income distribution models and "beat the market" investment methods.
In the next ten years, hedge fund investment strategies have emerged in an endless stream, including credit arbitrage, junk bonds, fixed income securities, quantitative investment, multi-strategy investment, etc.