Starting in late 2007, many of these funds hit the skids, thanks to mortgage-related securities and other complex holdings that dropped during the credit crunch.

从2007年底开始，由于抵押贷款相关证券和其他复合资产在信贷危机期间下滑，许多这类基金都走下坡路。

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Hedge funds may be forced to sell their most liquid holdings since more complex positions may be impossible to offload.

对冲基金可能会被迫卖出大部分的流动持有股份，因为有更多复杂的情况难以应对。

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Some investors use ETFs as a quick way of expressing their overall view on the market, while high-frequency traders use the funds as part of their complex arbitrage strategies.

一些投资者将ETFs作为表达市场总体看法的快速通道，而高频交易者则将ETFs当作复杂的套利策略的一部分。

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Unfortunately, both critics and champions of alternative funds attempt to reduce complex financial transactions into simple language.

FORBES: The Simple Truth about Hedge Funds

Before investing spare dollars for retirement in mutual stock and bond funds, or buying complex insurance products that are subject to market risk, those 25-year-olds should first focus on savings.

FORBES: How Wall Street Unloads Its Risk On Unsuspecting Savers

Some investors use ETFs as a quick way of expressing their overall view on the market, while high-frequency traders use the funds as part of their complex arbitrage strategies.

ECONOMIST: The risks created by complicating a simple idea