It was several months after the subprime mortgage market turned sour before the scale of the losses at two Bear Stearns hedge funds became clear.

这一时期是指在次级抵押市场情况恶化后，贝尔斯登(Bear Stearns)两支对冲基金的损失情况明朗前之间的几个月。

youdao

But many of the companies at the centre of the 2008 crisis were not Banks; the cast included investment Banks (Bear Stearns and Lehman), an insurer (AIG) and money-market funds.

但是许多深陷2008年危机泥沼的公司不都是银行，还包括了投资银行(如贝尔斯登和雷曼)，保险公司(如美国国际公司)和货币市场基金。

youdao

In the 1990s, many pension funds made far too big a bet on equities, a gamble that went disastrously wrong in the 2000-02 bear market.

在上个世纪90年代，很多的养老金基金在股票上下的赌注太大，简直就是一场豪赌，在2000 - 02年的熊市中他们则损失惨重。

youdao

He also had stakes in three bear market funds, which profit from declining stock prices.

FORBES: Ron Paul, Master Investor?

Which country funds should be in your portfolio right now, and should you hold bear market funds?

FORBES: Magazine Article

And the omens from the last real bear market for hedge funds, 40 years ago, are far less encouraging.

ECONOMIST: Hedge funds in trouble