The enhanced-leverage fund lost 23% of its value in the first four months of the year as the subprime market collapsed, then stabilised, then fell again.
次级市场危机爆发后,两支放大杠杆基金在今年前四个月里亿累计损失了23%的价值,然后趋稳,接着再度下跌。
An even bigger problem is that levers can work both ways. Leverage may enlarge the size of the fund, but it can also concentrate greater risk onto the sovereigns that guarantee it.
一个更大的问题是“杠杆作用”犹如一把双刃剑,一方面它可以扩大基金的规模,但另一方面它也会增加担保国的风险。
But many fund managers are impatient and thus use leverage (borrowed money) to enhance returns.
但许多基金经理人都没这个耐性,于是他们用杠杆作用(借来的钱)来增加收益率。
New institutions, such as hedge funds and conduits—what Paul McCulley, of Pimco, a fund management group, has called “the shadow banking system”—are highly dependent on borrowed money, or leverage.
像冲基金和管道机构---Pimco资金管理集团的Paul McCulley将它们称为“影子银行系统”---这样的新兴机构严重地依赖借入资金(或曰杠杆)。
These types of hedge fund also tend to make relatively little use of leverage, so they are less easily convicted than some of their hedge-fund peers of recklessly gambling with other people's money.
这些类型的对冲基金也倾向于使用相对少的“贷杠”,因此与其他同类相比,它们更不容易被指控肆意与其他人的钱一同投机。
The price volatility of fund market has a characteristic of leverage effect.
基金市场的价格波动存在杠杆效应;
In order to improve leverage utility, mutual guarantee fund should be directed by professional organizations or Banks should get involved in the operation of mutual guarantee organizations directly.
互助担保资金通过委托专业化担保机构运作,或由银行直接介入互助担保机构的运行则能够最好地发挥信用担保的经济杠杆效用。
There's an opportunity here as you're getting in cheaper to the leveraged fund as people are fearful of leverage, "he argues."
“由于人们对杠杆收购很担忧,令你获得更便宜的杠杆基金,所以就出现了机会,”他指出。
The scale of China - Central and Eastern Europe Fund will reach 10 billion euros which plans to leverage 50 billion Euros of credit funds for the project.
中国—中东欧基金的规模将达100亿欧元,计划撬动项目信贷资金500亿欧元。
It would also leverage their balance sheets to a greater degree than either hedge fund activist seeks.
私人股本集团还将提高负债至比两位对冲基金活跃分子寻求的更高位。
It would also leverage their balance sheets to a greater degree than either hedge fund activist seeks.
私人股本集团还将提高负债至比两位对冲基金活跃分子寻求的更高位。
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