算法失灵?3000亿美元趋势跟踪基金今年表现创1998年以来最差纪录

华尔街见闻
Aug 04

通常被视为市场动荡避风港的趋势跟踪策略,在2025年遭遇了罕见的“滑铁卢”。 这些依靠复杂算法在资产价格中捕捉并追随趋势的量化基金,正面临着数十年来最艰难的交易环境。当投资者期待它们在市场震荡中发挥对冲作用时,它们却交出了一份自1998年以来最差的成绩单。 根据研究公司PivotalPath的数据,管理着超过3000亿美元资产的趋势跟踪对冲基金,在今年上半年平均亏损了9.6%,与整个对冲基金行业...

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