cover of episode Ted Seides on Whether Hedge Funds Are Right For You

Ted Seides on Whether Hedge Funds Are Right For You

2025/2/5
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Masters in Business
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Barry Ritholtz
知名投资策略师和媒体人物，现任里特尔茨财富管理公司董事长和首席投资官。
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Hesu Jo
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Ted Seides
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@Barry Ritholtz : 我认为投资者在考虑对冲基金时,应该首先评估其是否适合自己的投资目标和风险承受能力。媒体经常过度宣传对冲基金的明星经理和超高回报,这容易导致投资者产生不切实际的期望。因此,投资者需要对对冲基金的风险和回报有清晰的认识。 @Ted Seides : 对我而言,对冲基金最初的吸引力在于其承诺在降低风险的同时,提供类似股票市场的回报。然而,现在的对冲基金种类繁多,策略各异,投资者需要明确自己的投资目标,并选择与之相匹配的基金。我建议投资者在考虑对冲基金之前,应优先考虑风险管理,并关注基金的流动性、杠杆和集中度。同时,税收因素也不容忽视,因为大多数对冲基金策略在税收上效率较低。我个人会将大约5%的资产配置给对冲基金,前提是这些基金经理能够通过卓越的表现来弥补税收劣势。总而言之,对冲基金投资需要谨慎评估风险、回报和税收影响,并根据自身的投资目标和风险承受能力做出明智的决策。

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Hedge funds have never been more (or less hedged). The alternative asset class has become a huge destination for institutional and family office capital. But are the high costs and performance risks appropriate for you? Ted Seides is founder and CIO of Capital Allocators, and learned about alts working under the legendary David Swensen at the Yale University Investments Office. He wrote the book, “Private Equity Deals: Lessons in investing, dealmaking and operations."

Each week, “At the Money” discusses an important topic in money management. From portfolio construction to taxes and cutting down on fees, join Barry Ritholtz to learn the best ways to put your money to work.

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