{"id":2387,"date":"2022-07-28T11:45:06","date_gmt":"2022-07-28T09:45:06","guid":{"rendered":"https:\/\/www.ez.cz\/?p=2387"},"modified":"2022-07-28T11:45:08","modified_gmt":"2022-07-28T09:45:08","slug":"k-cemu-slouzi-hedge-fondy","status":"publish","type":"post","link":"https:\/\/www.ez.cz\/?p=2387","title":{"rendered":"K \u010demu slou\u017e\u00ed hedge fondy?"},"content":{"rendered":"\n

Hedge fondy jsou specifick\u00fdm typem investi\u010dn\u00edch fond\u016f. Co je jejich podstatou a jak\u00e9 jsou jejich v\u00fdhody?<\/p>\n\n\n\n

Co je hedge fond (hedge fund)<\/h2>\n\n\n\n

Hedgeov\u00e9 fondy za\u0159azujeme mezi fondy investi\u010dn\u00ed<\/a>. Jejich z\u00e1kladn\u00ed charakteristikou a z\u00e1rove\u0148 nejv\u011bt\u0161\u00ed p\u0159ednost\u00ed je to, \u017ee dovoluj\u00ed t\u00e9m\u011b\u0159 neomezen\u00e9 mo\u017enosti investov\u00e1n\u00ed.<\/p>\n\n\n\n

Nab\u00edzej\u00ed \u0161irokou \u0161k\u00e1lu investi\u010dn\u00edch strategi\u00ed. Pr\u00e1v\u011b s rozd\u011blen\u00edm podle investi\u010dn\u00edch strategi\u00ed pracuj\u00ed n\u011bkter\u00e9 definice. Dal\u0161\u00ed hledisko, podle n\u011bho\u017e lze tyto fondy rozli\u0161ovat, se zam\u011b\u0159uje i na frekvenci obchodov\u00e1n\u00ed.<\/p>\n\n\n\n

V r\u00e1mci sv\u00e9 \u010dinnosti mohou spekulovat budouc\u00ed v\u00fdvoj akciov\u00e9ho \u010di dluhopisov\u00e9ho trhu, d\u00e1le zaji\u0161\u0165uj\u00ed kapit\u00e1l investor\u016f proti znehodnocen\u00ed, p\u0159\u00edpadn\u011b prov\u00e1d\u011bj\u00ed cenovou arbitr\u00e1\u017e.<\/p>\n\n\n\n

Jak\u00e9 jsou v\u00fdhody a nev\u00fdhody hedgeov\u00fdch fond\u016f<\/h2>\n\n\n\n

Hlavn\u00ed v\u00fdhodou je to, \u017ee potenci\u00e1ln\u011b z nich mohou plynout velmi zaj\u00edmav\u00e9 v\u00fdnosy. P\u0159\u00edslove\u010dn\u00e9 zlat\u00e9 pravidlo investov\u00e1n\u00ed, \u017ee nen\u00ed zisku bez rizik, v\u0161ak plat\u00ed i zde.<\/p>\n\n\n\n

Hedge fondy toti\u017e mohou b\u00fdt zat\u00ed\u017eeny i zna\u010dn\u00fdm rizikem ztr\u00e1t ve v\u00fd\u0161i a\u017e stovek tis\u00edc korun. Op\u00edraj\u00ed se toti\u017e i o investice, kter\u00e9 mohou b\u00fdt pro n\u011bkter\u00e9 investory omezeny, p\u0159\u00edpadn\u011b zcela zapov\u011bzeny, a to prim\u00e1rn\u011b z regulatorn\u00edch p\u0159\u00ed\u010din.<\/p>\n\n\n\n

A je to i d\u016fvodem, pro\u010d se na investory p\u0159ed vstupem do hedge fondu<\/a> kladou pom\u011brn\u011b zna\u010dn\u00e9 n\u00e1roky. Svou roli sehr\u00e1v\u00e1 nejen v\u00fd\u0161e vstupn\u00ed investice, ale p\u0159ihl\u00ed\u017e\u00ed se i k minim\u00e1ln\u00edmu jm\u011bn\u00ed. A samoz\u0159ejm\u011b i k tomu, jakou zku\u0161enost\u00ed investor disponuje.<\/p>\n\n\n\n

Vstupuje-li do fondu jednotlivec, jedn\u00e1 se zpravidla o velmi solventn\u00ed klientelu. Z\u00e1kladnu fondu nicm\u00e9n\u011b m\u016f\u017ee tvo\u0159it i skupina jednotlivc\u016f. Prim\u00e1rn\u011b jsou ale tyto fondy sp\u00ed\u0161e ur\u010deny pro velk\u00e9 spole\u010dnosti, jako jsou poji\u0161\u0165ovny, banky \u010di nadace.<\/p>\n\n\n\n

Jak funguje investov\u00e1n\u00ed v hedge fondech<\/h2>\n\n\n\n

Tyto fondy jsou zalo\u017eeny na \u010dlensk\u00e9m principu a po\u010det \u010dlen\u016f je \u010dasto limitov\u00e1n. Z pohledu investora je st\u011b\u017eejn\u00ed zejm\u00e9na to, \u017ee investov\u00e1n\u00ed prob\u00edh\u00e1 nap\u0159\u00edmo. Respektovat je nutnou minim\u00e1ln\u00ed v\u00fd\u0161i investice, kter\u00e1 se pohybuje kolem cca 250 000 USD.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Rozhoduj\u00edc\u00ed slovo m\u00e1 v r\u00e1mci struktury tohoto fondu tzv. fund manager. Tato osoba rozhoduje o tom, do kter\u00fdch investi\u010dn\u00edch n\u00e1stroj\u016f hedge fond<\/a> sv\u016fj kapit\u00e1l zainvestuje.<\/p>\n\n\n\n

Spr\u00e1vce m\u00e1 sou\u010dasn\u011b n\u00e1rok na odm\u011bnu, a to jak fixn\u00ed ve v\u00fd\u0161i cca 1 a\u017e 2 %, tak tak\u00e9 podle v\u00fdkonnosti fondu. Ostatn\u011b mana\u017eer se st\u00e1v\u00e1 partnerem participuj\u00edc\u00edm na struktu\u0159e fondu a p\u0159in\u00e1\u0161\u00ed do n\u011bj vlastn\u00ed prost\u0159edky.<\/p>\n\n\n\n

Jak u\u017e bylo \u0159e\u010deno, vyu\u017e\u00edt ke sv\u00e9 \u010dinnosti fondy mohou r\u016fzn\u00e9 strategie. Obecn\u011b v\u0161ak lze tvrdit, \u017ee se v glob\u00e1lu vyzna\u010duj\u00ed agresivn\u00ed strategi\u00ed \u0159\u00edzen\u00ed a p\u0159\u00edstup k \u0159\u00edzen\u00ed portfolia vykazuje zna\u010dnou flexibilitu, nebo\u0165 krom\u011b prakticky \u017e\u00e1dn\u00e9 regulace nepodl\u00e9haj\u00ed ani pravidl\u016fm alokace a diverzifikace aktiv.<\/p>\n\n\n\n

Tyto fondy vyu\u017e\u00edvaj\u00ed princip p\u00e1kov\u00e9ho mechanismu vyp\u016fj\u010dov\u00e1n\u00ed proti vlastn\u00edm prost\u0159edk\u016fm. \u010casto se setk\u00e1te i s pou\u017e\u00edv\u00e1n\u00edm finan\u010dn\u00edch deriv\u00e1t\u016f.<\/p>\n","protected":false},"excerpt":{"rendered":"

Hedge fondy jsou specifick\u00fdm typem investi\u010dn\u00edch fond\u016f. Co je jejich podstatou a jak\u00e9 jsou jejich v\u00fdhody? Co je hedge fond (hedge fund) Hedgeov\u00e9 fondy za\u0159azujeme mezi fondy investi\u010dn\u00ed. Jejich z\u00e1kladn\u00ed charakteristikou a z\u00e1rove\u0148 nejv\u011bt\u0161\u00ed p\u0159ednost\u00ed je to, \u017ee dovoluj\u00ed t\u00e9m\u011b\u0159 neomezen\u00e9 mo\u017enosti investov\u00e1n\u00ed. Nab\u00edzej\u00ed \u0161irokou \u0161k\u00e1lu investi\u010dn\u00edch strategi\u00ed. Pr\u00e1v\u011b s rozd\u011blen\u00edm podle investi\u010dn\u00edch strategi\u00ed pracuj\u00ed […]<\/p>\n","protected":false},"author":1,"featured_media":2389,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[12],"tags":[],"class_list":["post-2387","post","type-post","status-publish","format-standard","has-post-thumbnail","category-finance"],"amp_enabled":false,"_links":{"self":[{"href":"https:\/\/www.ez.cz\/index.php?rest_route=\/wp\/v2\/posts\/2387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ez.cz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ez.cz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ez.cz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ez.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2387"}],"version-history":[{"count":0,"href":"https:\/\/www.ez.cz\/index.php?rest_route=\/wp\/v2\/posts\/2387\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ez.cz\/index.php?rest_route=\/wp\/v2\/media\/2389"}],"wp:attachment":[{"href":"https:\/\/www.ez.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ez.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ez.cz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}