在中国绝对收益产品市场上,基金专户、券商集合理财和阳光私募三分天下,都有投资门槛和业绩提成,很多还通过结构化的形式提供了杠杆。但之前中国资本市场不可做空,这些产品也没有对冲风险的能力及对冲投资的理念。缺失了马拉比的对冲基金第三特征——对冲,中国市场上还没有实质上的对冲基金,绝对收益 Absolute income in China’s product market, the fund accounts, securities brokerage and sunshine private equity one-third of the world, have the investment threshold and performance bonuses, many also provided a structured form of leverage. But before the Chinese capital market can not be short, these products do not have the ability to hedge risks and hedge investment philosophy. The third characteristic of a hedge fund missing from Malabo - hedging is that there is no real hedge fund in the Chinese market and the absolute return