tag:blogger.com,1999:blog-23790690021687066562011-08-06T11:37:07.022-07:00Bloggernoreply@blogger.comBlogger11100tag:blogger.com,1999:blog-2379069002168706656.post-79000103194277720502011-07-18T05:32:00.000-07:002011-07-28T14:30:27.979-07:00<div class="ls-row content-row" id="ls-row-3" style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; margin-bottom: 0px; margin-left: 20px; margin-right: 20px; margin-top: 5px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><div class="ls-fxr" style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; 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border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline; width: 495px;"><div style="border-bottom-width: 0px; border-collapse: collapse; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; margin-bottom: 1.2em; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><div style="text-align: center;"><h1 style="border-bottom-width: 0px; border-collapse: collapse; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; margin-bottom: 0.2em; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left; vertical-align: baseline;"><span class="Apple-style-span" style="font-family: Arial, sans-serif;"><span class="Apple-style-span" style="font-weight: normal;"><span class="Apple-style-span" style="font-family: 'Times New Roman';"><h1 style="border-bottom-width: 0px; border-collapse: collapse; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; color: #333333; line-height: normal; margin-bottom: 0.2em; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left; vertical-align: baseline;"><span class="Apple-style-span"><span class="Apple-style-span" style="color: #0993cd; line-height: 16px;"><span class="Apple-style-span" style="border-collapse: separate; color: black; line-height: normal;"><h1 style="border-bottom-width: 0px; border-collapse: collapse; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; margin-bottom: 0.2em; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left; vertical-align: baseline;"><span class="Apple-style-span" style="color: #0993cd; font-size: large; line-height: 16px;">Financial Markets</span><span class="Apple-style-span" style="color: #0993cd; font-size: small; line-height: 16px;">,&nbsp;</span><span class="Apple-style-span" style="color: #0993cd; font-size: small; line-height: 16px;">Market neutral strategy</span></h1></span></span></span></h1><div style="font-size: medium;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: #0993cd; line-height: 16px;"><br /></span></span></div><h1 style="border-bottom-width: 0px; border-collapse: collapse; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; color: #333333; font-size: 12px; line-height: normal; margin-bottom: 0.2em; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left; vertical-align: baseline;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: #0993cd; line-height: 16px;">Relative value</span></span></h1></span></span></span></h1><div><span class="Apple-style-span" style="color: #333333; font-family: Arial, sans-serif;"><span class="Apple-style-span" style="font-size: 12px; font-weight: normal; line-height: 14px;"><br /></span></span></div><h1 style="border-bottom-width: 0px; border-collapse: collapse; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; line-height: normal; margin-bottom: 0.2em; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left; vertical-align: baseline;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: #0993cd; line-height: 16px;"><span class="Apple-style-span" style="color: #333333; font-family: Arial, sans-serif; font-size: 12px; font-weight: normal; line-height: 14px;">Relative value managers apply arbitrage strategies primarily in global equity and bond markets to take advantage of perceived mispricings between similar or related securities.</span>&nbsp;</span></span></h1><h1 style="border-bottom-width: 0px; border-collapse: collapse; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; line-height: normal; margin-bottom: 0.2em; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left; vertical-align: baseline;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: #0993cd; line-height: 16px;">&nbsp; &nbsp; &nbsp;&nbsp;</span></span></h1><h1 style="border-bottom-width: 0px; border-collapse: collapse; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; line-height: normal; margin-bottom: 0.2em; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left; vertical-align: baseline;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="line-height: 16px;"></span><span class="Apple-style-span" style="line-height: 16px;">Relative value spread trade</span></span></h1><span class="Apple-style-span" style="font-size: 12px; line-height: 14px;"><br /></span><br /><div style="text-align: left;"><span class="Apple-style-span" style="font-size: 12px; line-height: 14px;">The underlying principle for all relative value strategies is spread trading. By establishing long positions in undervalued assets and short positions in overvalued assets, relative value managers aim to capture profit opportunities that arise from the changing price relationship between the securities concerned.</span></div></div></div><div style="border-bottom-width: 0px; border-collapse: collapse; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-size: 0.75em; line-height: 1.2em; margin-bottom: 1.2em; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><div style="text-align: center;"><div style="text-align: left;"><img alt="Relative value spread trade" height="142" src="http://www.maninvestments.com/global/assets/images/learning-zone/relative-value-spread.gif" style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-size: 12px; line-height: 1.2em; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;" width="490" /></div></div></div><div style="border-bottom-width: 0px; border-collapse: collapse; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-size: 0.75em; line-height: 1.2em; margin-bottom: 1.2em; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><div style="text-align: center;"><div style="text-align: left;">Relative value trading involves the use of such instruments as convertible bonds, preferred securities, options, warrants and option-linked securities, sovereign bonds, swap contracts, swaptions, forward contracts, and futures contracts.</div></div></div><h2 style="border-bottom-width: 0px; border-collapse: collapse; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; margin-bottom: 0.2em; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left; vertical-align: baseline;"><span class="Apple-style-span" style="font-weight: normal; line-height: 14px;"><span class="Apple-style-span" style="font-size: xx-small;">Edit by : veizhu@gmail.com</span> </span></h2></div></div></div></div></div></div></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/2379069002168706656-7900010319427772050?l=wei-zhu.blogspot.com' alt='' /></div>Bloggernoreply@blogger.com0