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1990年以来对冲基金规模迅速增长(万亿美元)
1990年以来对冲基金规模迅速增长(万亿美元)
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所属报告:
非银金融行业资本市场高质量发展系列之二:大机构业务的成长之路-230418(76页).pdf
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但增速非常缓慢。截至 1990 年,根据 HFR 数据,对冲基金行业由大约 600 只基金组成,管理着近 400 亿美元的资产。1990 年至 2000 年间美国的长牛下对冲基金行业发展提速,2 000 年以来以养老金为代表的机构投资者资金流入大大加速对冲基金发展过程,对冲基金正式崛起。截至 1996 年对冲基金业管理的资产规模首次突破2500 亿美元大关,届时有 2000 多家对冲基金在运营。2000 年至 2002 年间美国互联网金融泡沫破灭,主要市场暴跌下对冲基金行业仍在创造正回报,对冲基金与主要市场较低的相关性表现吸引了以养老金为代表资产配置需求旺盛的机构投资者资金涌入,对冲基金正式开始崛起,2008 年金融危机爆发下对冲基金规模回落,但根据《The Rise of Hedge Funds: A Story of Inequality》一文统计,截至到 2010 年由危机造成的损失和资金流出已被对冲基金行业弥补,而根据 Barclay 数据统计,截至 2021 年对冲基金管理资产规模已达 4.8 万亿美元。
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非银金融行业资本市场高质量发展系列之二:大机构业务的成长之路-230418(76页).pdf
2018年来机构投资者持有基金中债券型基金占比
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