Soros fund Management, a prominent hedge fund, later told us that it sniffed at the sell smell coming from the Big Mac index, but resisted the temptation to bite.
知名对冲基金公司——索罗斯基金管理公司后来告诉我们，它对巨无霸指数显示的抛售趋势不屑一顾，没有顺时而动。
The more convinced you are that the dollar will fall, the more you should hold in international stocks, ideally through a low-cost index fund that doesn't hedge currencies.
你越是确信美元会下跌，就越应该持有海外股票，最好是通过不对冲货币的低成本指数基金。
But beta can be obtained at very low cost via index-tracking funds. Why pay hedge-fund prices?
但是贝塔可以通过指数追踪基金以很低的成本取得，那为什么还要付给对冲基金如此高昂的价格呢？
The result could be a cheap competitor for the hedge-fund titans, akin to the index-tracking funds that have eaten into the market shares of active fund managers.
最终将形成这些对冲基金巨头的廉价竞争者。 这类似于指数追踪基金（index-trackingfund）已经蚕食了指数基金(active fund)经理们所控制的市场份额。
Of course, the typical hedge fund or index fund sells the future before delivery has to be made.
当然，对冲基金或者指数基金通常会在交割之前将期货抛掉。
Of course, the typical hedge fund or index fund sells the future before delivery has to be made.
当然，对冲基金或者指数基金通常会在交割之前将期货抛掉。
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