
U104-B 3-phase Connection
This type of meter is used to fuel dispensers for measurement of pressurized oil.
Materials:
Body: Aluminum (Spray-Painted)
Package:
Net Weight:
1.7kg/case of 1
Gross Weight: 1.9kg/case of 1
Dimension: 36x15x15cm/case of 1
we are committed to create the best workplace, encourage our staffs to put their own personalities into their jobs, and provide them a stage to show themselves.
might seem to be an example of a “free lunch� But can everyone dine from this table?
Uncorrelated hedge funds tend to have niche strategies and there is a limit to the amount they can
invest. Too much money tends to dilute returns, as happened to one sector (convertible arbitrage) in
2005. Furthermore, niche strategies tend to invest in illiquid assets, such as exotic options. Assets of this
sort appear to move differently from mainstream shares and bonds because their price moves
infrequently. But when bad news hits stockmarkets, illiquid assets can be hit extremely hard. Correlations
increase substantially.
Hedge-fund managers are well aware of the limits of specialising in niche products. Some simply close to
new investors after reaching their target for funds under management. But others want to keep growing.
A number develop private-equity or banking characteristics, by providing capital directly to companies or
making loans. Some are diversifying into multi-strategy funds, which invest across a range of sectors.
Others have started long-only funds, thereby opening up a much bigger market. As Peter Harrison of
MPC investors, a fund manager, says “There s $1 trillion or so in hedge funds but $90 trillion of lo fuel dispenser ng-
only money and that s the big prize.�
While hedge funds are expanding, traditional groups are moving into fuel dispenser their territory, too. Some, like
Morgan Stanley, are doing so by acquisition; others, such as Barclays Global Investors and Gartmore,
have built up in-house franchises. A change in mutual-fund rules applicable across the EU, known as
UCITS III, has meant that hedge-fund practices are also available to retail investors. Products known as
130 30 funds (which can go 130% long and 30% short) offer some of fuel dispenser the flexibility of a hedge fund�
albeit with some of the fees, too. So it may well be that the increasingly blurry distinction between
hedge-fund managers and less racy traditional managers will become obsolete. “In three to four years
time, we may not be talk