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1、街上的那些基金用的策略总是让我们感到无比神奇，或者说很是遥远，wilmott论坛上有个帖子说了这个事情，很多事情说明白了就没有那么神秘了，不过只是一个list,没有具体的用法，当然没有谁吧自己赚钱的所有东西都说出來，不过看看也人概知道quant最终应用是个什么样的了。Therearemanydifferentwaystoclassifythestrategies,soitmayperhapsbebesttostartwithsomeofthecommonlyrecognizedcategorieswhicharetracked
2、byHFRindcxcs（secHodgeFundResearch）:-ConvertibleArbitrage:（可转换债券套利）Ahotareaforquantsafewyearsback,thisstrategyfindsandexploitsmispricingsinconvertiblebondsagainstthecomponentstheybreakupinto.Atypicalexampleisbuyinganundervaluedconvert,hedgingthecreditandinterestrater
3、isk,thenisolatingtheequityoptionssothatitcanbecitherbesoldordeltahedgedforcheapvega/gammaexposure-Calamoswrotethebookonthissubject.-DistressedDebt:（个良债权）Thesefundstradethedebtofbankrupt,near-bankrupt,andrestrueturingcompanies,abitpastthehorizonofwhatastereotypicalhi
4、gh-yieldmutualfundmightcover.Thegoalistobuydebtforpennicsonthedollarforareasonableassuranceofgettingnickelsonthedollar,orshortingsecuritieswhosedoomhasnotbeenfullypricedinyet.-Long/ShortEquity:（交易获利）HFRdividesthisgroupinto"EquityHedge"and"EquityMarketNeutral",butthi
5、slargestandprobablymostgeneralgroupofmanagersdojustaboutanythingthatinvoIvesbuyingsomestocks/indexesandshortingothers.Intheory,thoseweresupposedtobemarkctncutral（buythealpha,canceloutthebeta）fundsoutthereenforcingpriceefficiency,butreallong/shortfundsareoftennetlong
6、,netshort,andsometimescompletelylongorshort.-Event-Driven:（爭件获利）〃EventDriven"typicallyreferstofundsthatspecializeinbettingoncertaintypesofcorporateevents,betheyM&A,FDArulings,newtcchnologystories,orjustaboutanythingyoumighthearaboutonCNBCaccompaniedbyadouble-digitmo
7、veinastockprice.Often,thesemayberunbyexpertsinafield（forexample,formerbiochemistsfollowingdrugstocks）,butnotalways.-GlobalMacro（宏观套利）：mdubuque'scall'sonBush'sfiscalpolicyandthecollapseoftheUSeconomywouldfitrightinhere,aswouldSoros"sbilliondollarP&Lfromthesterling"sf
8、allintheearly90，s.Theideaistoseetheworldtop-downandbethefirsttoprofitwhentransoceanicdamnsbreak.-Merger/RiskArbitrage:（并购套利）Thisisabitofao
