{"id":580191,"date":"2023-12-28T03:15:38","date_gmt":"2023-12-28T03:15:38","guid":{"rendered":"https:\/\/proxyelite.info\/glossary\/hedge-fund\/"},"modified":"2023-12-28T03:15:38","modified_gmt":"2023-12-28T03:15:38","slug":"hedge-fund","status":"publish","type":"glossary","link":"https:\/\/proxyelite.info\/vi\/glossary\/hedge-fund\/","title":{"rendered":"Qu\u1ef9 ph\u00f2ng h\u1ed9"},"content":{"rendered":"<h2>Th\u00f4ng tin t\u00f3m t\u1eaft v\u1ec1 Qu\u1ef9 ph\u00f2ng h\u1ed9<\/h2>\n<p>C\u00e1c qu\u1ef9 ph\u00f2ng h\u1ed9, th\u01b0\u1eddng b\u1ecb che gi\u1ea5u trong b\u00ed \u1ea9n, l\u00e0 ph\u01b0\u01a1ng ti\u1ec7n \u0111\u1ea7u t\u01b0 \u0111\u00e3 tr\u1edf n\u00ean n\u1ed5i ti\u1ebfng trong th\u1ebf gi\u1edbi t\u00e0i ch\u00ednh. Nh\u1eefng qu\u1ef9 n\u00e0y, \u0111\u01b0\u1ee3c \u0111\u1eb7c tr\u01b0ng b\u1edfi t\u00ednh linh ho\u1ea1t v\u00e0 ti\u1ec1m n\u0103ng mang l\u1ea1i l\u1ee3i nhu\u1eadn cao, mang \u0111\u1ebfn c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 \u0111\u1ed9c \u0111\u00e1o. Trong b\u00e0i vi\u1ebft n\u00e0y, ch\u00fang t\u00f4i \u0111i s\u00e2u v\u00e0o s\u1ef1 ph\u1ee9c t\u1ea1p c\u1ee7a c\u00e1c qu\u1ef9 ph\u00f2ng h\u1ed9, kh\u00e1m ph\u00e1 c\u00e1c t\u00ednh n\u0103ng ch\u00ednh, c\u00e1c lo\u1ea1i kh\u00e1c nhau, tr\u01b0\u1eddng h\u1ee3p s\u1eed d\u1ee5ng v\u00e0 vai tr\u00f2 c\u1ee7a m\u00e1y ch\u1ee7 proxy trong b\u1ed1i c\u1ea3nh ho\u1ea1t \u0111\u1ed9ng c\u1ee7a qu\u1ef9 ph\u00f2ng h\u1ed9.<\/p>\n<h2>Th\u00f4ng tin chi ti\u1ebft v\u1ec1 Qu\u1ef9 ph\u00f2ng h\u1ed9<\/h2>\n<h3>Ph\u00e2n t\u00edch c\u00e1c \u0111\u1eb7c \u0111i\u1ec3m ch\u00ednh c\u1ee7a qu\u1ef9 ph\u00f2ng h\u1ed9<\/h3>\n<p>C\u00e1c qu\u1ef9 ph\u00f2ng h\u1ed9 kh\u00e1c v\u1edbi c\u00e1c qu\u1ef9 \u0111\u1ea7u t\u01b0 truy\u1ec1n th\u1ed1ng \u1edf m\u1ed9t s\u1ed1 \u0111i\u1ec3m:<\/p>\n<ul>\n<li>\n<p><strong>T\u1eadp h\u1ee3p v\u1ed1n<\/strong>: C\u00e1c qu\u1ef9 ph\u00f2ng h\u1ed9 huy \u0111\u1ed9ng v\u1ed1n t\u1eeb m\u1ed9t nh\u00f3m ch\u1ecdn l\u1ecdc g\u1ed3m c\u00e1c c\u00e1 nh\u00e2n, t\u1ed5 ch\u1ee9c c\u00f3 gi\u00e1 tr\u1ecb r\u00f2ng cao ho\u1eb7c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u01b0\u1ee3c c\u00f4ng nh\u1eadn. T\u00ednh \u0111\u1ed9c quy\u1ec1n n\u00e0y cho ph\u00e9p th\u1ef1c hi\u1ec7n c\u00e1c chi\u1ebfn l\u01b0\u1ee3c \u0111a d\u1ea1ng v\u00e0 ph\u1ee9c t\u1ea1p h\u01a1n.<\/p>\n<\/li>\n<li>\n<p><strong>T\u1ef1 ch\u1ee7 qu\u1ea3n l\u00fd<\/strong>: C\u00e1c nh\u00e0 qu\u1ea3n l\u00fd qu\u1ef9 ph\u00f2ng h\u1ed9 c\u00f3 quy\u1ec1n t\u1ef1 ch\u1ee7 \u0111\u00e1ng k\u1ec3 trong vi\u1ec7c \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0. T\u00ednh linh ho\u1ea1t n\u00e0y cho ph\u00e9p h\u1ecd kh\u00e1m ph\u00e1 c\u00e1c chi\u1ebfn l\u01b0\u1ee3c kh\u00e1c nhau, t\u1eeb v\u1ecb th\u1ebf mua\/b\u00e1n c\u1ed5 phi\u1ebfu cho \u0111\u1ebfn giao d\u1ecbch ph\u00e1i sinh.<\/p>\n<\/li>\n<li>\n<p><strong>Ph\u00ed th\u1ef1c hi\u1ec7n<\/strong>: Ng\u01b0\u1eddi qu\u1ea3n l\u00fd th\u01b0\u1eddng t\u00ednh c\u1ea3 ph\u00ed qu\u1ea3n l\u00fd v\u00e0 ph\u00ed th\u1ef1c hi\u1ec7n. Ph\u00ed hi\u1ec7u su\u1ea5t l\u00e0 ph\u1ea7n tr\u0103m l\u1ee3i nhu\u1eadn \u0111\u01b0\u1ee3c t\u1ea1o ra, khuy\u1ebfn kh\u00edch c\u00e1c nh\u00e0 qu\u1ea3n l\u00fd \u0111\u1ea1t \u0111\u01b0\u1ee3c l\u1ee3i nhu\u1eadn xu\u1ea5t s\u1eafc.<\/p>\n<\/li>\n<li>\n<p><strong>Qu\u1ea3n l\u00fd r\u1ee7i ro<\/strong>: M\u1eb7c d\u00f9 c\u00e1c qu\u1ef9 ph\u00f2ng h\u1ed9 c\u00f3 th\u1ec3 r\u1ee7i ro h\u01a1n c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 truy\u1ec1n th\u1ed1ng nh\u01b0ng h\u1ecd th\u01b0\u1eddng s\u1eed d\u1ee5ng c\u00e1c k\u1ef9 thu\u1eadt qu\u1ea3n l\u00fd r\u1ee7i ro ti\u00ean ti\u1ebfn \u0111\u1ec3 gi\u1ea3m thi\u1ec3u t\u1ed5n th\u1ea5t ti\u1ec1m \u1ea9n.<\/p>\n<\/li>\n<\/ul>\n<h3>C\u00e1c lo\u1ea1i qu\u1ef9 ph\u00f2ng h\u1ed9<\/h3>\n<p>C\u00e1c qu\u1ef9 ph\u00f2ng h\u1ed9 kh\u00f4ng ph\u1ea3i l\u00e0 nguy\u00ean kh\u1ed1i; ch\u00fang c\u00f3 nhi\u1ec1u lo\u1ea1i kh\u00e1c nhau ph\u00f9 h\u1ee3p v\u1edbi c\u00e1c chi\u1ebfn l\u01b0\u1ee3c v\u00e0 lo\u1ea1i t\u00e0i s\u1ea3n c\u1ee5 th\u1ec3. D\u01b0\u1edbi \u0111\u00e2y l\u00e0 m\u1ed9t s\u1ed1 lo\u1ea1i qu\u1ef9 ph\u00f2ng h\u1ed9 ph\u1ed5 bi\u1ebfn:<\/p>\n<table>\n<thead>\n<tr>\n<th>Lo\u1ea1i qu\u1ef9 ph\u00f2ng h\u1ed9<\/th>\n<th>S\u1ef1 mi\u00eau t\u1ea3<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Qu\u1ef9 \u0111\u1ea7u t\u01b0 c\u1ed5 ph\u1ea7n<\/td>\n<td>T\u1eadp trung v\u00e0o c\u00e1c v\u1ecb th\u1ebf mua v\u00e0 b\u00e1n c\u1ed5 phi\u1ebfu.<\/td>\n<\/tr>\n<tr>\n<td>Qu\u1ef9 ph\u00f2ng h\u1ed9 thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh<\/td>\n<td>\u0110\u1ea7u t\u01b0 v\u00e0o tr\u00e1i phi\u1ebfu v\u00e0 ch\u1ee9ng kho\u00e1n li\u00ean quan.<\/td>\n<\/tr>\n<tr>\n<td>Qu\u1ef9 ph\u00f2ng h\u1ed9 theo h\u01b0\u1edbng s\u1ef1 ki\u1ec7n<\/td>\n<td>T\u1eadn d\u1ee5ng c\u00e1c s\u1ef1 ki\u1ec7n c\u1ee5 th\u1ec3 c\u1ee7a c\u00f4ng ty.<\/td>\n<\/tr>\n<tr>\n<td>Qu\u1ef9 ph\u00f2ng h\u1ed9 v\u0129 m\u00f4<\/td>\n<td>\u0110\u1eb7t c\u01b0\u1ee3c v\u00e0o xu h\u01b0\u1edbng kinh t\u1ebf v\u0129 m\u00f4.<\/td>\n<\/tr>\n<tr>\n<td>Qu\u1ef9 ph\u00f2ng h\u1ed9 \u0111\u1ecbnh l\u01b0\u1ee3ng<\/td>\n<td>S\u1eed d\u1ee5ng c\u00e1c m\u00f4 h\u00ecnh to\u00e1n h\u1ecdc cho c\u00e1c quy\u1ebft \u0111\u1ecbnh giao d\u1ecbch.<\/td>\n<\/tr>\n<tr>\n<td>Qu\u1ef9 ph\u00f2ng h\u1ed9 \u0111a chi\u1ebfn l\u01b0\u1ee3c<\/td>\n<td>\u0110a d\u1ea1ng h\u00f3a tr\u00ean nhi\u1ec1u chi\u1ebfn l\u01b0\u1ee3c v\u00e0 lo\u1ea1i t\u00e0i s\u1ea3n kh\u00e1c nhau.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>C\u00e1ch s\u1eed d\u1ee5ng qu\u1ef9 ph\u00f2ng h\u1ed9: V\u1ea5n \u0111\u1ec1 v\u00e0 gi\u1ea3i ph\u00e1p<\/h3>\n<p>C\u00e1c qu\u1ef9 ph\u00f2ng h\u1ed9 ph\u1ee5c v\u1ee5 nhi\u1ec1u m\u1ee5c \u0111\u00edch, bao g\u1ed3m \u0111a d\u1ea1ng h\u00f3a danh m\u1ee5c \u0111\u1ea7u t\u01b0, qu\u1ea3n l\u00fd r\u1ee7i ro v\u00e0 t\u00ecm ki\u1ebfm l\u1ee3i nhu\u1eadn v\u01b0\u1ee3t tr\u1ed9i. Tuy nhi\u00ean, nh\u1eefng th\u00e1ch th\u1ee9c c\u00f3 th\u1ec3 n\u1ea3y sinh, ch\u1eb3ng h\u1ea1n nh\u01b0:<\/p>\n<ul>\n<li>\n<p><strong>\u0110\u1ea7u t\u01b0 t\u1ed1i thi\u1ec3u cao<\/strong>: Nhi\u1ec1u qu\u1ef9 ph\u00f2ng h\u1ed9 y\u00eau c\u1ea7u \u0111\u1ea7u t\u01b0 ban \u0111\u1ea7u \u0111\u00e1ng k\u1ec3, h\u1ea1n ch\u1ebf kh\u1ea3 n\u0103ng ti\u1ebfp c\u1eadn c\u1ee7a c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u1ecf h\u01a1n.<\/p>\n<\/li>\n<li>\n<p><strong>Thi\u1ebfu thanh kho\u1ea3n<\/strong>: M\u1ed9t s\u1ed1 qu\u1ef9 ph\u00f2ng h\u1ed9 c\u00f3 th\u1eddi gian kh\u00f3a trong th\u1eddi gian \u0111\u00f3 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f4ng th\u1ec3 r\u00fat ti\u1ec1n.<\/p>\n<\/li>\n<li>\n<p><strong>S\u1ef1 ph\u1ee9c t\u1ea1p v\u1ec1 quy \u0111\u1ecbnh<\/strong>: C\u00e1c qu\u1ef9 ph\u00f2ng h\u1ed9 ph\u1ea3i ch\u1ecbu s\u1ef1 gi\u00e1m s\u00e1t theo quy \u0111\u1ecbnh v\u00e0 vi\u1ec7c tu\u00e2n th\u1ee7 c\u00f3 th\u1ec3 g\u1eb7p nhi\u1ec1u th\u00e1ch th\u1ee9c.<\/p>\n<\/li>\n<\/ul>\n<p>Gi\u1ea3i ph\u00e1p cho nh\u1eefng th\u00e1ch th\u1ee9c n\u00e0y c\u00f3 th\u1ec3 li\u00ean quan \u0111\u1ebfn vi\u1ec7c s\u1eed d\u1ee5ng m\u00e1y ch\u1ee7 proxy, \u0111\u1eb7c bi\u1ec7t l\u00e0 trong b\u1ed1i c\u1ea3nh qu\u1ea3n l\u00fd r\u1ee7i ro v\u00e0 tu\u00e2n th\u1ee7 quy \u0111\u1ecbnh.<\/p>\n<h3>\u0110\u1eb7c \u0111i\u1ec3m ch\u00ednh v\u00e0 so s\u00e1nh<\/h3>\n<p>\u0110\u1ec3 hi\u1ec3u r\u00f5 h\u01a1n v\u1ec1 c\u00e1c qu\u1ef9 ph\u00f2ng h\u1ed9, s\u1ebd r\u1ea5t h\u1eefu \u00edch khi so s\u00e1nh ch\u00fang v\u1edbi c\u00e1c ph\u01b0\u01a1ng ti\u1ec7n \u0111\u1ea7u t\u01b0 kh\u00e1c:<\/p>\n<table>\n<thead>\n<tr>\n<th>\u0111\u1eb7c tr\u01b0ng<\/th>\n<th>Qu\u1ef9 \u0111\u1ea7u t\u01b0<\/th>\n<th>Qu\u1ef9 t\u01b0\u01a1ng h\u1ed7<\/th>\n<th>ETF<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u0110i\u1ec1u ki\u1ec7n c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0<\/td>\n<td>Nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u01b0\u1ee3c c\u00f4ng nh\u1eadn<\/td>\n<td>C\u00f4ng ch\u00fang<\/td>\n<td>C\u00f4ng ch\u00fang<\/td>\n<\/tr>\n<tr>\n<td>T\u1ef1 ch\u1ee7 qu\u1ea3n l\u00fd<\/td>\n<td>Cao<\/td>\n<td>Gi\u1edbi h\u1ea1n<\/td>\n<td>Gi\u1edbi h\u1ea1n<\/td>\n<\/tr>\n<tr>\n<td>Thanh kho\u1ea3n<\/td>\n<td>Kh\u00e1c nhau<\/td>\n<td>H\u1eb1ng ng\u00e0y<\/td>\n<td>trong ng\u00e0y<\/td>\n<\/tr>\n<tr>\n<td>Minh b\u1ea1ch<\/td>\n<td>Gi\u1edbi h\u1ea1n<\/td>\n<td>Cao<\/td>\n<td>Cao<\/td>\n<\/tr>\n<tr>\n<td>\u0110a d\u1ea1ng h\u00f3a<\/td>\n<td>\u0110\u00fang<\/td>\n<td>\u0110\u00fang<\/td>\n<td>\u0110\u00fang<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Quan \u0111i\u1ec3m v\u00e0 c\u00f4ng ngh\u1ec7 t\u01b0\u01a1ng lai<\/h3>\n<p>C\u00e1c qu\u1ef9 ph\u00f2ng h\u1ed9 ti\u1ebfp t\u1ee5c ph\u00e1t tri\u1ec3n, \u0111\u01b0\u1ee3c th\u00fac \u0111\u1ea9y b\u1edfi nh\u1eefng ti\u1ebfn b\u1ed9 c\u00f4ng ngh\u1ec7. T\u01b0\u01a1ng lai c\u1ee7a c\u00e1c qu\u1ef9 ph\u00f2ng h\u1ed9 c\u00f3 th\u1ec3 li\u00ean quan \u0111\u1ebfn vi\u1ec7c t\u0103ng c\u01b0\u1eddng s\u1eed d\u1ee5ng tr\u00ed tu\u1ec7 nh\u00e2n t\u1ea1o, h\u1ecdc m\u00e1y v\u00e0 ph\u00e2n t\u00edch d\u1eef li\u1ec7u l\u1edbn \u0111\u1ec3 \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 v\u00e0 t\u0103ng c\u01b0\u1eddng qu\u1ea3n l\u00fd r\u1ee7i ro.<\/p>\n<h3>M\u00e1y ch\u1ee7 proxy v\u00e0 qu\u1ef9 ph\u00f2ng h\u1ed9<\/h3>\n<p>M\u00e1y ch\u1ee7 proxy \u0111\u00f3ng m\u1ed9t vai tr\u00f2 quan tr\u1ecdng trong ho\u1ea1t \u0111\u1ed9ng c\u1ee7a qu\u1ef9 ph\u00f2ng h\u1ed9, ch\u1ee7 y\u1ebfu trong b\u1ed1i c\u1ea3nh thu th\u1eadp d\u1eef li\u1ec7u v\u00e0 qu\u1ea3n l\u00fd r\u1ee7i ro. C\u00e1c qu\u1ef9 ph\u00f2ng h\u1ed9 th\u01b0\u1eddng d\u1ef1a v\u00e0o m\u00e1y ch\u1ee7 proxy \u0111\u1ec3:<\/p>\n<ul>\n<li>\n<p><strong>\u1ea8n danh vi\u1ec7c qu\u00e9t web<\/strong>: M\u00e1y ch\u1ee7 proxy gi\u00fap c\u00e1c qu\u1ef9 ph\u00f2ng h\u1ed9 \u1ea9n danh c\u00e1c ho\u1ea1t \u0111\u1ed9ng qu\u00e9t web, \u0111\u1ea3m b\u1ea3o quy\u1ec1n ri\u00eang t\u01b0 v\u00e0 b\u1ea3o m\u1eadt d\u1eef li\u1ec7u.<\/p>\n<\/li>\n<li>\n<p><strong>Giao d\u1ecbch nh\u1eafm m\u1ee5c ti\u00eau theo \u0111\u1ecba l\u00fd<\/strong>: C\u00e1c qu\u1ef9 ph\u00f2ng h\u1ed9 s\u1eed d\u1ee5ng proxy \u0111\u1ec3 th\u1ef1c hi\u1ec7n giao d\u1ecbch t\u1eeb nhi\u1ec1u v\u1ecb tr\u00ed \u0111\u1ecba l\u00fd kh\u00e1c nhau, t\u1eadn d\u1ee5ng c\u00e1c c\u01a1 h\u1ed9i kinh doanh ch\u00eanh l\u1ec7ch gi\u00e1.<\/p>\n<\/li>\n<li>\n<p><strong>T\u1ed5ng h\u1ee3p d\u1eef li\u1ec7u<\/strong>: M\u00e1y ch\u1ee7 proxy h\u1ed7 tr\u1ee3 t\u1ed5ng h\u1ee3p d\u1eef li\u1ec7u t\u00e0i ch\u00ednh t\u1eeb nhi\u1ec1u ngu\u1ed3n, t\u1ea1o \u0111i\u1ec1u ki\u1ec7n cho vi\u1ec7c ph\u00e2n t\u00edch to\u00e0n di\u1ec7n.<\/p>\n<\/li>\n<\/ul>\n<p>T\u00f3m l\u1ea1i, c\u00e1c qu\u1ef9 ph\u00f2ng h\u1ed9 l\u00e0 ph\u01b0\u01a1ng ti\u1ec7n \u0111\u1ea7u t\u01b0 ph\u1ee9c t\u1ea1p mang \u0111\u1ebfn nh\u1eefng c\u01a1 h\u1ed9i v\u00e0 th\u00e1ch th\u1ee9c \u0111\u1ed9c \u0111\u00e1o. Kh\u00f4ng th\u1ec3 \u0111\u00e1nh gi\u00e1 th\u1ea5p vai tr\u00f2 c\u1ee7a h\u1ecd trong vi\u1ec7c \u0111a d\u1ea1ng h\u00f3a danh m\u1ee5c \u0111\u1ea7u t\u01b0 v\u00e0 qu\u1ea3n l\u00fd r\u1ee7i ro. Khi c\u00e1c qu\u1ef9 ph\u00f2ng h\u1ed9 ti\u1ebfp t\u1ee5c th\u00edch \u1ee9ng v\u1edbi b\u1ed1i c\u1ea3nh t\u00e0i ch\u00ednh ng\u00e0y c\u00e0ng ph\u00e1t tri\u1ec3n, vi\u1ec7c s\u1eed d\u1ee5ng m\u00e1y ch\u1ee7 proxy s\u1ebd v\u1eabn kh\u00f4ng th\u1ec3 thi\u1ebfu trong ho\u1ea1t \u0111\u1ed9ng c\u1ee7a h\u1ecd.<\/p>\n<h2>Li\u00ean k\u1ebft li\u00ean quan<\/h2>\n<p>\u0110\u1ec3 bi\u1ebft th\u00eam th\u00f4ng tin chuy\u00ean s\u00e2u v\u1ec1 c\u00e1c qu\u1ef9 ph\u00f2ng h\u1ed9, h\u00e3y xem x\u00e9t kh\u00e1m ph\u00e1 c\u00e1c ngu\u1ed3n sau:<\/p>\n<ol>\n<li><a target=\"_new\" rel=\"noopener\">Investopedia \u2013 Qu\u1ef9 ph\u00f2ng h\u1ed9<\/a><\/li>\n<li><a target=\"_new\" href=\"https:\/\/www.hfr.com\/\" rel=\"noopener\">Nghi\u00ean c\u1ee9u qu\u1ef9 ph\u00f2ng h\u1ed9<\/a><\/li>\n<li><a target=\"_new\" rel=\"noopener\">\u1ee6y ban Ch\u1ee9ng kho\u00e1n v\u00e0 Giao d\u1ecbch (SEC) \u2013 Qu\u1ef9 ph\u00f2ng h\u1ed9<\/a><\/li>\n<\/ol>","protected":false},"featured_media":0,"menu_order":0,"template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"class_list":["post-580191","glossary","type-glossary","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/proxyelite.info\/vi\/wp-json\/wp\/v2\/glossary\/580191","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/proxyelite.info\/vi\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/proxyelite.info\/vi\/wp-json\/wp\/v2\/types\/glossary"}],"version-history":[{"count":0,"href":"https:\/\/proxyelite.info\/vi\/wp-json\/wp\/v2\/glossary\/580191\/revisions"}],"wp:attachment":[{"href":"https:\/\/proxyelite.info\/vi\/wp-json\/wp\/v2\/media?parent=580191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}