道道道格拉斯的个人主页 - 老虎社区

道道道格拉斯

道道道格拉斯

无

IP属地：北京

15关注

0粉丝

0主题

0勋章

道道道格拉斯

2020-10-15

说说你对这篇新闻的看法...

抱歉，原内容已删除

去老虎APP查看更多动态

{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":3487301826694964,"uuid":"3487301826694964","gmtCreate":1524207805618,"gmtModify":1524207805618,"name":"道道道格拉斯","pinyin":"dddglsdaodaodaogelasi","introduction":"","introductionEn":null,"signature":"无","avatar":"https://static.laohu8.com/696fa63ab3df3671ef8ad3e16d0499be","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":0,"headSize":15,"tweetSize":1,"questionSize":0,"limitLevel":900,"accountStatus":4,"level":{"id":0,"name":"","nameTw":"","represent":"","factor":"","iconColor":"","bgColor":""},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":1,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"02aa7f16703b4ce4ace6f1a7665789cc-1","templateUuid":"02aa7f16703b4ce4ace6f1a7665789cc","name":"知识体验官","description":"观看学堂课程满5节","bigImgUrl":"https://static.tigerbbs.com/fb5ae275631fb96a92d475cdc85d2302","smallImgUrl":"https://static.tigerbbs.com/c2660a1935bd2105e97c9915619936c3","grayImgUrl":null,"redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.02.18","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":2006},{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-4","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"明星虎友","description":"加入老虎社区2000天","bigImgUrl":"https://static.tigerbbs.com/dddf24b906c7011de2617d4fb3f76987","smallImgUrl":"https://static.tigerbbs.com/53d58ad32c97254c6f74db8b97e6ec49","grayImgUrl":"https://static.tigerbbs.com/6304700d92ad91c7a33e2e92ec32ecc1","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.12","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"228c86a078844d74991fff2b7ab2428d-1","templateUuid":"228c86a078844d74991fff2b7ab2428d","name":"投资经理虎","description":"证券账户累计交易金额达到10万美元","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"60.79%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"35ec162348d5460f88c959321e554969-1","templateUuid":"35ec162348d5460f88c959321e554969","name":"精英交易员","description":"证券或期货账户累计交易次数达到30次","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.01.26","exceedPercentage":"60.33%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":6,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":5,"crmLevelSwitch":0,"location":"北京","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":309498544,"gmtCreate":1602755255288,"gmtModify":1703827755231,"author":{"id":"3487301826694964","authorId":"3487301826694964","name":"道道道格拉斯","avatar":"https://static.laohu8.com/696fa63ab3df3671ef8ad3e16d0499be","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"说说你对这篇新闻的看法...","listText":"说说你对这篇新闻的看法...","text":"说说你对这篇新闻的看法...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/309498544","repostId":"1148487599","repostType":2,"repost":{"id":"1148487599","weMediaInfo":{"introduction":"中国大陆领先的金融数据、信息和软件服务企业，总部位于上海陆家嘴金融中心。","home_visible":1,"media_name":"Wind万得","id":"99","head_image":"https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68"},"pubTimestamp":1602741978,"share":"https://www.laohu8.com/m/news/1148487599?lang=&edition=full","pubTime":"2020-10-15 14:06","market":"us","language":"zh","title":"106亿对冲基金关门，因为价值投资","url":"https://stock-news.laohu8.com/highlight/detail?id=1148487599","media":"Wind万得","summary":"最近十年的前五年间，美股的价值股和成长股还能“肩并肩”一起玩耍，而在后五年，成长股一骑绝尘，抛下价值股独自在风中凌乱坠落……，这对于价值投资者来说，这简直不能再糟糕。而那些跟踪价值的纯量化基金则更加艰","content":"<p>最近十年的前五年间，美股的价值股和成长股还能“肩并肩”一起玩耍，而在后五年，成长股一骑绝尘，抛下价值股独自在风中凌乱坠落……，这对于价值投资者来说，这简直不能再糟糕。而那些跟踪价值的纯量化基金则更加艰难，管理着106亿美元资产的对冲基金AJO Partners 就因此而关闭。</p>\n<p><img src=\"https://static.tigerbbs.com/e432d506c51907bf89a8ed6bbc3dc1a1\" tg-width=\"796\" tg-height=\"567\"></p>\n<p>成长股一直向上，而价值股始终难有表现。市场上没有谁比跟踪价值股的纯量化基金更加痛苦了，在最近四年几乎没有获取到任何阿尔法。逃离价值股成为投资者的上上之选，更多的基金因为没有及时调整策略也因此关门。因为在当前的市场氛围中，依靠整张的市场机制和套利手段不再有效。</p>\n<p><img src=\"https://static.tigerbbs.com/f2ca799379680a7a0f25bf16661eb85b\" tg-width=\"777\" tg-height=\"440\"></p>\n<p>AJO Partners 就是跟踪价值股的纯量化基金之一，但其价值策略使其遭受了重大损失。AJO Partners的创始人Ted Aronson 在一封信中表示，该对冲基金宣布在11月30日停止交易，为这家运营了36年的公司画上句号。</p>\n<p>Ted Aronson 在信中写到：我们仍然相信价值投资是有未来的，悲观的是，未来没有那么快到来，至少对于我们来说是如此。所以,现在最好的安排是归还资产,然后就这样告别。我们的客户都是成熟的大型机构客户，他们还有更好的选择。</p>\n<p>据分析，导致该基金停止运营的罪魁祸首是其旗下的AJO大盘股绝对价值策略基金，管理着51亿美元的资产。截止到今年9月，AJO大盘股绝对价值策略基金下跌15%。在截止到6月30日披露的数据中，该基金最大的持仓股是英特尔，年初至今跌幅大约为10%。</p>\n<p>实际上，今年美股价值股表现都不佳，罗素1000价值指数年初至今跌约12%。但市场的另一面是不断高涨的成长股，比如苹果公司年初至今涨幅达到66%，特斯拉年初至今涨约451%！这对价值投资基金的投资者来说，这是极其需要耐心和定力的。</p>\n<p>AJO大盘股绝对价值策略基金成立于1984年，提供一系列基于价值等因素构建的系统化策略。然而，在超过10万亿美元债券收益率为负的、通货紧缩的环境下，这一策略被证明是令人沮丧的。截止到6月30日公布的信息中，该基金持有25只股票，不出意外目前这些股票都将遭受抛售。</p>\n<p><img src=\"https://static.tigerbbs.com/d9e695d79a878d3ecc329220b3b67c44\" tg-width=\"758\" tg-height=\"597\"></p>\n<p>Ted Aronson 已经宣布退休，不再蹚价值投资的浑水。</p>\n<p>数据显示，价值投资鼻祖，股神巴菲特近几年也星光暗淡，但买苹果是近几年最正确的决定无疑，挽救了声誉。据其二季度公布的数据显示，剔除苹果之后，巴菲特上半年持有的股票资产是1250亿美元，即同期亏损幅度高达27%。</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>106亿对冲基金关门，因为价值投资</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n106亿对冲基金关门，因为价值投资\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/99\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Wind万得 </p>\n<p class=\"h-time\">2020-10-15 14:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>最近十年的前五年间，美股的价值股和成长股还能“肩并肩”一起玩耍，而在后五年，成长股一骑绝尘，抛下价值股独自在风中凌乱坠落……，这对于价值投资者来说，这简直不能再糟糕。而那些跟踪价值的纯量化基金则更加艰难，管理着106亿美元资产的对冲基金AJO Partners 就因此而关闭。</p>\n<p><img src=\"https://static.tigerbbs.com/e432d506c51907bf89a8ed6bbc3dc1a1\" tg-width=\"796\" tg-height=\"567\"></p>\n<p>成长股一直向上，而价值股始终难有表现。市场上没有谁比跟踪价值股的纯量化基金更加痛苦了，在最近四年几乎没有获取到任何阿尔法。逃离价值股成为投资者的上上之选，更多的基金因为没有及时调整策略也因此关门。因为在当前的市场氛围中，依靠整张的市场机制和套利手段不再有效。</p>\n<p><img src=\"https://static.tigerbbs.com/f2ca799379680a7a0f25bf16661eb85b\" tg-width=\"777\" tg-height=\"440\"></p>\n<p>AJO Partners 就是跟踪价值股的纯量化基金之一，但其价值策略使其遭受了重大损失。AJO Partners的创始人Ted Aronson 在一封信中表示，该对冲基金宣布在11月30日停止交易，为这家运营了36年的公司画上句号。</p>\n<p>Ted Aronson 在信中写到：我们仍然相信价值投资是有未来的，悲观的是，未来没有那么快到来，至少对于我们来说是如此。所以,现在最好的安排是归还资产,然后就这样告别。我们的客户都是成熟的大型机构客户，他们还有更好的选择。</p>\n<p>据分析，导致该基金停止运营的罪魁祸首是其旗下的AJO大盘股绝对价值策略基金，管理着51亿美元的资产。截止到今年9月，AJO大盘股绝对价值策略基金下跌15%。在截止到6月30日披露的数据中，该基金最大的持仓股是英特尔，年初至今跌幅大约为10%。</p>\n<p>实际上，今年美股价值股表现都不佳，罗素1000价值指数年初至今跌约12%。但市场的另一面是不断高涨的成长股，比如苹果公司年初至今涨幅达到66%，特斯拉年初至今涨约451%！这对价值投资基金的投资者来说，这是极其需要耐心和定力的。</p>\n<p>AJO大盘股绝对价值策略基金成立于1984年，提供一系列基于价值等因素构建的系统化策略。然而，在超过10万亿美元债券收益率为负的、通货紧缩的环境下，这一策略被证明是令人沮丧的。截止到6月30日公布的信息中，该基金持有25只股票，不出意外目前这些股票都将遭受抛售。</p>\n<p><img src=\"https://static.tigerbbs.com/d9e695d79a878d3ecc329220b3b67c44\" tg-width=\"758\" tg-height=\"597\"></p>\n<p>Ted Aronson 已经宣布退休，不再蹚价值投资的浑水。</p>\n<p>数据显示，价值投资鼻祖，股神巴菲特近几年也星光暗淡，但买苹果是近几年最正确的决定无疑，挽救了声誉。据其二季度公布的数据显示，剔除苹果之后，巴菲特上半年持有的股票资产是1250亿美元，即同期亏损幅度高达27%。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1fc1f5e2fa377c378fa230c10e0849a2","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148487599","content_text":"最近十年的前五年间，美股的价值股和成长股还能“肩并肩”一起玩耍，而在后五年，成长股一骑绝尘，抛下价值股独自在风中凌乱坠落……，这对于价值投资者来说，这简直不能再糟糕。而那些跟踪价值的纯量化基金则更加艰难，管理着106亿美元资产的对冲基金AJO Partners 就因此而关闭。\n\n成长股一直向上，而价值股始终难有表现。市场上没有谁比跟踪价值股的纯量化基金更加痛苦了，在最近四年几乎没有获取到任何阿尔法。逃离价值股成为投资者的上上之选，更多的基金因为没有及时调整策略也因此关门。因为在当前的市场氛围中，依靠整张的市场机制和套利手段不再有效。\n\nAJO Partners 就是跟踪价值股的纯量化基金之一，但其价值策略使其遭受了重大损失。AJO Partners的创始人Ted Aronson 在一封信中表示，该对冲基金宣布在11月30日停止交易，为这家运营了36年的公司画上句号。\nTed Aronson 在信中写到：我们仍然相信价值投资是有未来的，悲观的是，未来没有那么快到来，至少对于我们来说是如此。所以,现在最好的安排是归还资产,然后就这样告别。我们的客户都是成熟的大型机构客户，他们还有更好的选择。\n据分析，导致该基金停止运营的罪魁祸首是其旗下的AJO大盘股绝对价值策略基金，管理着51亿美元的资产。截止到今年9月，AJO大盘股绝对价值策略基金下跌15%。在截止到6月30日披露的数据中，该基金最大的持仓股是英特尔，年初至今跌幅大约为10%。\n实际上，今年美股价值股表现都不佳，罗素1000价值指数年初至今跌约12%。但市场的另一面是不断高涨的成长股，比如苹果公司年初至今涨幅达到66%，特斯拉年初至今涨约451%！这对价值投资基金的投资者来说，这是极其需要耐心和定力的。\nAJO大盘股绝对价值策略基金成立于1984年，提供一系列基于价值等因素构建的系统化策略。然而，在超过10万亿美元债券收益率为负的、通货紧缩的环境下，这一策略被证明是令人沮丧的。截止到6月30日公布的信息中，该基金持有25只股票，不出意外目前这些股票都将遭受抛售。\n\nTed Aronson 已经宣布退休，不再蹚价值投资的浑水。\n数据显示，价值投资鼻祖，股神巴菲特近几年也星光暗淡，但买苹果是近几年最正确的决定无疑，挽救了声誉。据其二季度公布的数据显示，剔除苹果之后，巴菲特上半年持有的股票资产是1250亿美元，即同期亏损幅度高达27%。","news_type":1},"isVote":1,"tweetType":1,"viewCount":485,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":309498544,"gmtCreate":1602755255288,"gmtModify":1703827755231,"author":{"id":"3487301826694964","authorId":"3487301826694964","name":"道道道格拉斯","avatar":"https://static.laohu8.com/696fa63ab3df3671ef8ad3e16d0499be","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"说说你对这篇新闻的看法...","listText":"说说你对这篇新闻的看法...","text":"说说你对这篇新闻的看法...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/309498544","repostId":"1148487599","repostType":2,"isVote":1,"tweetType":1,"viewCount":485,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}