{"title":"Artus","authors":"Martin Langner","doi":"10.1515/9783110424089-020","DOIUrl":"https://doi.org/10.1515/9783110424089-020","url":null,"abstract":"I l faut d’abord définir les hedge funds. Cette catégorie de fonds s’est considérablement développée. L’encours géré par les hedge funds est passé de 120 Md$ en 1996 à 1 800 Md$ fin 2007. Cela étant, cet encours reste petit par rapport à celui des assureurs et fonds de pension (presque 10 000 Md$ aux seuls États-Unis) ou des fonds souverains dont on parle beaucoup dans la période récente (3 500 Md$). Qu’est ce qui différencie les hedge funds des autres investisseurs ? Essentiellement deux caractéristiques : l’usage du levier d’endettement et la capacité à avoir une position longue sur certains actifs et courte sur d’autres alors que les fonds d’investissement traditionnels ont seulement des positions longues (ils sont long only ) et n’utilisent pas normalement l’effet de levier. Cela étant, il existe de très nombreuses catégories de hedge funds : long short equities (position en actions) ; distressed, even-driven, merger arbitrage (qui utilisent des événements acquisitions, redressements... pour investir dans le capital d’entreprises) ; convertible arbitrage, fixed-income arbitrage, statistical arbitrage (qui sont des fonds de relative value) ; emerging markets ; CTA (qui profitent de tendances sur les marchés) ; global macro (qui ont des positions liées à des vues macroéconomiques)... La performance de chaque catégorie de hedge funds est liée à des variables spécifiques : performances des marchés (d’actions, de crédit), volatilité, dispersion, évolution des taux d’intérêt, des prix des matières premières, des taux de change... Il s’agit donc d’un univers divers, ayant seulement de grandes caractéristiques communes. Pour simplifier, nous allons considérer les","PeriodicalId":305355,"journal":{"name":"Mittelalterrezeption im Musiktheater","volume":"125 1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122946083","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Literaturverzeichnis","authors":"","doi":"10.1515/9783110424089-041","DOIUrl":"https://doi.org/10.1515/9783110424089-041","url":null,"abstract":"","PeriodicalId":305355,"journal":{"name":"Mittelalterrezeption im Musiktheater","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127215445","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Ivanhoe","authors":"B. Eichner","doi":"10.1515/9783110424089-040","DOIUrl":"https://doi.org/10.1515/9783110424089-040","url":null,"abstract":"Book file PDF easily for everyone and every device. You can download and read online Ivanhoe file PDF Book only if you are registered here. And also you can download or read online all Book PDF file that related with Ivanhoe book. Happy reading Ivanhoe Bookeveryone. Download file Free Book PDF Ivanhoe at Complete PDF Library. This Book have some digital formats such us :paperbook, ebook, kindle, epub, fb2 and another formats. Here is The Complete PDF Book Library. It's free to register here to get Book file PDF Ivanhoe.","PeriodicalId":305355,"journal":{"name":"Mittelalterrezeption im Musiktheater","volume":"50 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116643950","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Inhaltsverzeichnis","authors":"","doi":"10.1515/9783110424089-toc","DOIUrl":"https://doi.org/10.1515/9783110424089-toc","url":null,"abstract":"","PeriodicalId":305355,"journal":{"name":"Mittelalterrezeption im Musiktheater","volume":"98 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130478927","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Frontmatter","authors":"","doi":"10.1515/9783110424089-fm","DOIUrl":"https://doi.org/10.1515/9783110424089-fm","url":null,"abstract":"","PeriodicalId":305355,"journal":{"name":"Mittelalterrezeption im Musiktheater","volume":"74 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128810724","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}