At times of trouble, they will retreat from risky assets such as hedge funds and into cash and government bonds.
在困难时期,他们会从对冲基金等风险资产中撤出,转向现金和政府债券。
If the cost of their finance goes up, they will have either to cut the supply or raise the cost of finance to important investors such as hedge funds.
如果它们的融资成本上升,它们将不得不削减供应或提高对冲基金等重要投资者的融资成本。
Now other institutions such as hedge funds are piling into the market and hunting for similar opportunities.
现在例如对冲基金等其他的机构也挤进这个市场来寻觅类似的机会。
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