20世纪90年代以来,对冲基金行业飞速发展,但与其相关的世界性金融危机也在不断爆发。本文写作目的在于从福利经济学的视角,分析与金融危机密切相关的对冲基金行业的外部性问题,以美国《超级基金法》设立的超级基金为借鉴,试图设计一种相类似的制度对其加以控制。 Since the 90s of 20th century, the hedge fund industry has developed rapidly, but the global financial crisis related to it is also constantly breaking out. The purpose of this essay is to analyze the externality of the hedge fund industry which is closely related to the financial crisis from the perspective of welfare economics. Based on the super fund set up by the United States “Superfund Fund Law”, this article attempts to devise a similar system Take control.