This is the premise. Some investment companies publish their own good performance, which is improving every day, but once they are supervised by a third party, their performance will not improve every day. For example, Li Tao, a company in Shanghai, announced its own amazing performance, which was completely unaffected by the broader market. It rose slightly every day and became famous. After issuing hedging products through trust, the net value will not move. Such a company is very dangerous.
2. The callback is small, the most important criterion!
For very conservative people, the maximum retracement of 5% is very good, and for neutral investors, the maximum retracement of 10%-20% is completely acceptable. The maximum retracement actually reflects the fund manager's ability to control risks. This is the most important criterion to judge a hedge fund. Because hedge funds generally operate stocks, futures and commodity futures, it is inevitable to use leverage. Hedge funds in Europe and America generally use leverage of 8- 10 times. They have a lot of stylized transactions and strict risk control, so they dare to use relatively large leverage. Hedge fund managers in China generally use it 2-3 times.
There is a hedge fund playing futures on the private equity network, all of which are their own money. In a few months, it lost 97%, basically all of it. This is the consequence of not knowing the risk control.
3. Good long-term performance
Generally, it takes a long time to compare performance, and it is normal to compare 3-5 years. As hedge funds have just started in China, few products are long, so you should observe the performance and fluctuation of other products of fund managers. If his other products are stable, the general hedging products will be more stable and perform better. Just like your friend is an honest man, he will always be an honest man, and his personality will not change greatly.
I think the standard of good long-term performance can be set at annualized income 10% or more. Keep your mind low and steady. Don't compare short-term income with sprint champion. Investment is a marathon, and short-term gains are worthless. The hedge fund that suits you is the best. Simmons' hedge fund earns a lot of money, but he won't want you. What does this have to do with you?
4. Scale of funds
How big is the fund manager's management fund? At least 654.38+0 billion was managed. Generally speaking, fund managers who manage too much funds have undergone rigorous training, especially those who have a good grasp of risk control and are not prone to problems. Some grassroots people play well with hundreds of thousands of funds. If you give him a lot of money, he will get into trouble. People who haven't played big money dare not vote for him. If you want to have a good performance, more people will follow, and the scale of funds he manages will inevitably increase. If you don't play big money and don't understand risk management, your performance will inevitably change. For example, Changshi Mountain in Nanjing and the new value of Guangdong are all lessons from blood.
This is a general rule that I summed up based on my personal investment experience, and it is not a universal truth. There must be exceptions. According to the above criteria, combined with how to choose a fund manager I will write later, your probability of success is 80-90%, 10% depends on fate. Why do you say that? I once invested in a hedge fund. From 2003 to early 2008, I felt very familiar with products and fund managers. It's a pity that I invested at the wrong time. In February 2008, when I was in financial crisis, I was most indebted to 70%, which was terrible. I have written a review to my wife, admitting that I was wrong and planning to take it back. My wife doesn't agree. She believes that I won't make a mistake. Let me calculate the loss and leave it alone. As a result, I am still profitable so far! It means that my eyes are still good, but I am unlucky. So these laws are general laws, and only 80-90% are certain. Whether you can make big money in the end depends on some luck. The so-called: life and death have a life, and wealth is in the sky.