从索罗斯抄底爆仓股谈起：宏观交易到底怎么玩儿

泷韬全球宏观2021-05-18

索罗斯的基金在一季度抄底Bill Hwang爆仓的股票。说实话，我觉得这个消息没什么意义——因为自从2000年 Druckenmiller离开量子基金后，索罗斯就把公司交给儿子打理，CIO都靠外包模式，自己根本没有接班人。风格早就不知道飘到哪里了。08年曾经和他们当时的CIO交流过，我完全感觉不到他们的宏观体系，更像巴菲特的价值投资。除了索罗斯在08年紧急出马做空次债危机，以及在2013年做空...

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精彩评论

馒头卡喉咙啦
2021-05-19
馒头卡喉咙啦
烧
hhyw
2021-05-19
hhyw
越有钱就越玩的起😞😞😞
Youn7276
2021-05-19
Youn7276
炒面高手！
Kenwong
2021-05-19
Kenwong
👍
心跳_8338
2021-05-18
心跳_8338
想了想这才是能牵动市场，我们都是韭菜
- hhyw:
  我们都是
Schemppho
2021-05-18
Schemppho
[难过] [难过] [难过] [捂脸]

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href=https://mp.weixin.qq.com/s/0bwvzsnVLE_vuE1SbUS7vQ><strong>泷韬全球宏观</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>索罗斯的基金在一季度抄底Bill Hwang爆仓的股票。\n说实话，我觉得这个消息没什么意义——因为自从2000年 Druckenmiller离开量子基金后，索罗斯就把公司交给儿子打理，CIO都靠外包模式，自己根本没有接班人。风格早就不知道飘到哪里了。08年曾经和他们当时的CIO交流过，我完全感觉不到他们的宏观体系，更像巴菲特的价值投资。除了索罗斯在08年紧急出马做空次债危机，以及在2013年做空...</p>\n\n<a 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1，再优秀的大师，或公司，也要形成可复制的投研系统；\n\n\n 2，依赖天才交易员，很容易风格漂移；\n\n\n 3，任人唯亲......\n\n和索罗斯相比，另一位宏观对冲代表Julian Robertson 桃李满天下，策略不断进化，在2000年之后再也没有受挫，在2008年盈利远超索罗斯 2020年在大部分系统化宏观和量化策略亏损的时候，Tiger cubs盈利在全球领先。\n还有Bill Ackman，从2020年开始，宏观交易如神来之笔：\n\n 在2020年2月，通过交易CDS, 用2700万美金盈利27亿美金，然后3月底反手做多；2020年底，再次用衍生品对冲了今年股市下行风险。单是通过衍生品的宏观交易，就给Pershing Square贡献了1/3的盈利。以价值投资出身的Jualian Robertson成为宏观大家，而且桃李遍天下。\n\n以价值投资出身巴菲特今年年初的调仓完全是宏观手笔：减持科技股，看空美债，超配价值股。\nPE出身的Bill 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