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Hedgefonds-Strategien: Innovation für das moderne Portfoliomanagement?

Hedgefonds-Strategien: Innovation für das moderne Portfoliomanagement?

          
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About the Book

Inhaltsangabe: Einleitung: Die vergangenen Jahre haben den Investoren am Kapitalmarkt eine Achterbahnfahrt der Wertentwicklung des angelegten Vermögens und teilweise auch nachhaltige Kapitalverluste beschert, sofern sie einer klassischen Asset Allokation mit Aktien und Anleihen gefolgt sind. Selbst gut strukturierte Portfolios waren den volatilen Märkten nicht mehr gewachsen und vielfältige Investmentstrategien auf Basis der modernen Portfoliotheorien mussten Lehrgeld zahlen. Viele Investoren haben aus den Erfahrungen der Börsen-Baisse gelernt und erkannt, dass ihr Portfoliomanager mit traditionellen Investments wenig Mittel hat, um sie vor Verlusten zu schützen. Die konventionellen Anlageformen reichen offensichtlich nicht mehr aus, eine gute Kapitalrendite bei begrenztem Risiko zu erzielen. Die Diversifikation mit Aktien, Anleihen und eventuell Immobilien führte nicht zum gewünschten Ziel. Heute stehen sowohl institutionelle als auch private Investoren vor einem Dilemma. Die internationalen und insbesondere die europäischen Aktienmärkte haben sich von ihren Tiefständen im März 2003 erholt. Die Rekordmarken des Jahres 2000 liegen bei den meisten Indizes allerdings in weiter Ferne. Das verlorene Vertrauen aller Anleger kehrt nur sehr zögerlich oder gar nicht zurück. Die Renditen an den europäischen Rentenmärkten befinden sich auf dem niedrigsten Stand der Nachkriegszeit, so dass gerade noch die offiziellen Inflationsraten kompensiert werden. Eine Trendwende in der Zinsentwicklung scheint nur eine Frage der Zeit, womit zumindest mittelfristige Verlustrisiken im Anleihesektor erwartet werden können. Dies ist der Nährboden für die alternativen Investments. Die Anleger sind auf der Suche nach absolut positiven Renditen und nach Anlagemöglichkeiten, mit denen sie nicht einer bestimmten Marktentwicklung folgen müssen. In den USA sind sie bereits seit vielen Jahren wesentlicher Bestandteil der Asset Allokation von Universitäts-Stiftungsfonds. Diese Welle schwappt nun a


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Product Details
  • ISBN-13: 9783838691251
  • Publisher: Diplom.de
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Spine Width: 5 mm
  • Weight: 118 gr
  • ISBN-10: 3838691253
  • Publisher Date: 27 Nov 2005
  • Height: 210 mm
  • No of Pages: 80
  • Series Title: German
  • Sub Title: Innovation für das moderne Portfoliomanagement?
  • Width: 148 mm


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