而且它的定价效率低，尤其是因为作为一种资产它不容易降价：你不能规避你的风险承担。
And it is inefficiently priced, not least because as an asset class it is hard to short: you can't hedge your exposure.
保险并不能规避撤资——基金最大的风险之一。
Insurance cannot protect against one of a fund's gravest threats: withdrawals.
不能承担风险或者规避风险，尽管风险是在该组织的风险偏好范围内，将导致业绩差和不能使股东价值最大化。
A failure to take risk or avoiding risk even though it would be within the organization's assumed risk appetite will lead to underperformance and a failure to optimize stakeholder value.
期货市场并不能解决粮改中遇到的所有问题，但是在发现粮食市场的远期价格和规避现货市场的风险方面，可以发挥其独特的作用。
The futures market can not solve all the problems confronted in the course of the reform, but it can play its unique role in the price discovery and price risk hedging.
在任何以市场机构为中心的经济社会中，价格波动的风险总是不可避免地存在，如果不能有效的规避这种风险，必然会影响供应链的正常运行。
In any economy society, the risk of price fluctuation exists certainly. If we're failed to evade the risk, the operation of the supply chain will become unwell.
在任何以市场机构为中心的经济社会中，价格波动的风险总是不可避免地存在，如果不能有效的规避这种风险，必然会影响供应链的正常运行。
In any economy society, the risk of price fluctuation exists certainly. If we're failed to evade the risk, the operation of the supply chain will become unwell.
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