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1、街上的那些基金用的策略總是讓我們感到無比神奇，或者說很是遙遠，wilmott論壇上有個帖子說了這個事情，很多事情說明白了就沒有那么神秘了，不過只是一個list,沒有具體的用法，當然沒有誰吧自己賺錢的所有東西都說出來，不過看看也人概知道quant最終應用是個什么樣的了。Therearemanydifferentwaystoclassifythestrategies,soitmayperhapsbebesttostartwithsomeofthecommonlyrecognizedcategorieswhicharetracked
2、byHFRindcxcs（secHodgeFundResearch）:-ConvertibleArbitrage:（可轉(zhuǎn)換債券套利）Ahotareaforquantsafewyearsback,thisstrategyfindsandexploitsmispricingsinconvertiblebondsagainstthecomponentstheybreakupinto.Atypicalexampleisbuyinganundervaluedconvert,hedgingthecreditandinterestrater
3、isk,thenisolatingtheequityoptionssothatitcanbecitherbesoldordeltahedgedforcheapvega/gammaexposure-Calamoswrotethebookonthissubject.-DistressedDebt:（個良債權(quán)）Thesefundstradethedebtofbankrupt,near-bankrupt,andrestrueturingcompanies,abitpastthehorizonofwhatastereotypicalhi
4、gh-yieldmutualfundmightcover.Thegoalistobuydebtforpennicsonthedollarforareasonableassuranceofgettingnickelsonthedollar,orshortingsecuritieswhosedoomhasnotbeenfullypricedinyet.-Long/ShortEquity:（交易獲利）HFRdividesthisgroupinto"EquityHedge"and"EquityMarketNeutral",butthi
5、slargestandprobablymostgeneralgroupofmanagersdojustaboutanythingthatinvoIvesbuyingsomestocks/indexesandshortingothers.Intheory,thoseweresupposedtobemarkctncutral（buythealpha,canceloutthebeta）fundsoutthereenforcingpriceefficiency,butreallong/shortfundsareoftennetlong
6、,netshort,andsometimescompletelylongorshort.-Event-Driven:（爭件獲利）〃EventDriven"typicallyreferstofundsthatspecializeinbettingoncertaintypesofcorporateevents,betheyM&A,FDArulings,newtcchnologystories,orjustaboutanythingyoumighthearaboutonCNBCaccompaniedbyadouble-digitmo
7、veinastockprice.Often,thesemayberunbyexpertsinafield（forexample,formerbiochemistsfollowingdrugstocks）,butnotalways.-GlobalMacro（宏觀套利）：mdubuque'scall'sonBush'sfiscalpolicyandthecollapseoftheUSeconomywouldfitrightinhere,aswouldSoros"sbilliondollarP&Lfromthesterling"sf
8、allintheearly90，s.Theideaistoseetheworldtop-downandbethefirsttoprofitwhentransoceanicdamnsbreak.-Merger/RiskArbitrage:（并購套利）Thisisabitofao
