And, according to the survey, clients think funds of funds will continue to supply just over half of hedge-fund assets under management.

并且，根据调查，客户认为基金的资金将继续增长超过对冲基金目前资金的一半。

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In 2008 managed-futures funds (the class into which AHL falls) returned an average of 18.2% while the typical fund of hedge funds lost 19.8%, according to Eurekahedge, a data provider.

根据数据供应商eurekahedge, 2008年托管期货基金(AHL属于此等级)平均收益率为18.2%，而典型对冲基金则损失了19.8%。

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In the social security fund, financial management of funds is undoubtedly the most important part of the management of social security funds, is the central link.

基金财务管理是社保基金工作的中心环节，也是整体管理中最为重要的构成部分。

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The problem is even more severe when you're looking at mutual funds because there's kind of a cynical game that mutual fund management companies play.

当你去观察基金市场,会发现问题更严重,因为基金管理公司,会玩一个偷梁换柱的把戏

耶鲁公开课 - 金融市场课程节选

So,huge amounts of institutional funds and individual funds are going into this hedge fund world.

大量机构基金和个人基金,都将进入对冲基金领域

耶鲁公开课 - 金融市场课程节选

Now, there are different kinds of hedge funds -there's a lot of legal complexity here but a 3c1 hedge fund is limited to ninety-nine investors.

如今有各种各样的对冲基金,...其中牵涉了许多复杂的法律条文,比如3C1对冲基金,投资人数上限为99人

耶鲁公开课 - 金融市场课程节选

On the other hand, the fund of funds of funds vehicle is a clever way for pension consultants to exponentially increase their fees.

FORBES: Pensions Perilously Binging Upon Hedge Funds, Funds of Funds and Funds of Funds of Funds (March 20, 2007)

So you might have in a fund of funds or in a portfolio of funds, you might have one fund that has some gains and another fund that has some losses in the portfolio, which are unable to offset those for tax purposes.

FORBES: Advantages of a Manager-of-Managers Fund

The drawback: The fund of funds investor pays fees to the fund of fund manager and to the managers of the underlying funds.

FORBES: Growing Pains