When the Bear funds ran into trouble, their bankers tried to sell their collateral, which was mostly in the form of mortgage-backed derivatives.

当Bear Stearns基金陷入困局时，Bear的银行家们试图抛售他们的抵押品，而这些抵押品大多以抵押贷款衍生品的形式存在。

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The company also says mortgage-backed funds are up 3.74% and relative value funds (which would also hold mortgage bonds) are up 6.53%.

FORBES: Magazine Article

Hedge funds betting on mortgage-backed securities, emerging markets and commodities have been hurt.

ECONOMIST: Hedge funds

Essentially leveraged bond funds that own mortgage-backed securities, the Agency MREITs have been the among the few financial stocks to deliver positive total returns in the last 18 months since credit concerns resurfaced for most bank and financial stocks.

FORBES: Agency Mortgage REITs Lush Dividends To Continue