At present, Public Offering of Fund has not been liquidated, but some of them are close to the liquidation line. Under normal circumstances, the fund company will try to save the fund through self-purchase, or change the fund contract and re-subscribe for the fund. So far, the fund will not lose money and will not disappear.
Extended data:
In a broad sense, a fund refers to a certain amount of funds set up for a certain purpose. It mainly includes trust and investment funds, provident funds, insurance funds, retirement funds and funds of various foundations.
From the accounting point of view, capital is a narrow concept, which refers to funds with specific purposes and uses. The funds we are talking about now mainly refer to securities investment funds.
risk management
Most countries stipulate that hedge fund investors must be experienced and qualified investors, be aware of the risks of investment and be willing to bear these risks, because the possible benefits are related to risks.
In order to protect funds and investors, fund managers can adopt various risk management strategies. The Financial Times said, "Large hedge funds have the most mature and accurate risk management measures in the asset management industry." Hedge fund management companies may hold a large number of short-term positions or have a particularly comprehensive risk management system.
The fund can set up a "risk officer" to be responsible for risk assessment and management, but it can not interfere with the transaction, or it can adopt a formal portfolio risk model and other strategies.
Various measurement techniques and models can be used to calculate the risk of hedge fund activities; According to the different fund size and investment strategy, fund managers will adopt different models. Traditional risk measurement methods do not necessarily consider the normality of returns and other factors. In order to comprehensively consider all kinds of risks, we can make up for the defect of using VaR to measure risks by adding models such as impairment and "lost time".
In addition to evaluating the market-related risks of investment, investors can also evaluate the risk that the mistakes or frauds of hedge funds may bring losses to investors according to the principle of prudent operation. Matters that should be considered include the organization and management of business by hedge fund management companies, the sustainability of investment strategies and the ability of funds to develop into companies.
References:
Fund-Baidu Encyclopedia