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。
At times of trouble, they will retreat from risky assets such as hedge funds and into cash and government bonds.
货币交易的大头是用来对冲或用于股票，债券及其它资产的交易。
The bulk of currency dealing is for hedging or related to trading in stocks, bonds and other assets.
例如，银行家们表示，在欧洲和美国的可转换债券市场，对冲基金目前占据了大约60%至70%的份额。
In the European and US convertible bond market, for example, hedge funds now account for some 60 to 70 per cent of activity, according to bankers.
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