Jie Dong | 120 years have continued, what is the secret of Nobel fund management? These points are very important

World Action Report:

The Nobel Prize is a household name in the world. In addition to the outstanding scholars who win the prize every year, the management of the prize money has also attracted much attention. From the first Nobel Prize in 1901 to the present, the prize money has been distributed for 120 years. More and more scholars have won the Nobel Prize, and the prize money has also increased. Was unearthed.

Analysis of Nobel Foundation can not be separated from its development process. The establishment of the foundation was not smooth, and it was almost "diagnosed" after its establishment. In the 1920s, Sweden The authorities struggled for many years on whether to collect taxes, which made the council a headache. Fortunately, the authorities finally gave up and the tax burden was heavy. The foundation was able to breathe. In 1953, market volatility and inflation once again pressured the foundation to breathe. Seeing that the fund was only 3 million dollars left, the government's rescue once again allowed the Nobel Foundation to continue.

Substituted into the social background, the management of the Nobel Foundation has faced great challenges from the very beginning. Market fluctuations caused by wars have increased uncertainties, and the funds have been flexibly used to make them roam. Obtaining income in various markets such as securities, futures and bonds has become a problem faced by successive managers. Prior to this, the Nobel Foundation relied on the Swedish government. In addition to tax exemption in the country, investments in other markets also received tax preferential treatment, effectively hedging against potential risks.

The green light in taxation is an inherent advantage, but the unique vision of fund managers has allowed the fund to continue to accumulate. From the beginning of the establishment of bonds, it gradually involved machinery, chemical and other fields. With the changes in market demand of the times, the capital flow of the Nobel Foundation can basically be accurate. This is also the process of the Nobel Foundation’s transformation from conservative to active, and it is also the accumulation of active investment that allows the Nobel Foundation’s annual income to far exceed the sum of the prize winners.Let the award maintain the highest honor.

Since the 1960s, the international investment market has undergone tremendous changes. The pace of market investment has been faster, and risk fluctuations have been rapidly transmitted. The Nobel Foundation has developed a mature investment strategy by this time. Through the dynamic allocation of fast-developing fields such as real estate and technology, and traditional fields such as steel energy, the overall volatility of the portfolio is continuously reduced, and higher returns can be maintained.

The foundation has a strong presence in the international investment market. Another key factor is to remain sensitive to exchange rates and market interest rates. The increase in Nobel Prize bonuses is generally recognized to reflect the grasp of international exchange rates. It is necessary to protect both capital and income. The investment market itself is not a small challenge. The operation of the Nobel Fund is precisely to achieve both of them to the extreme. That is why the honor of the Nobel Prize has always been represented. Shining light.

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