What they usually do is they take the underperforming fund and they merge it with one that has a better track record.

更常见的做法是把运作不佳的基金,合并到另一只表现良好的基金中去

耶鲁公开课 - 金融市场课程节选

All of a sudden the underperforming fund's record disappears and the assets are in a fund that has a better record -a record that you can actually market.

于是运作不佳的基金消失了,改头换面以优异基金的形式出现,其优良的记录可以用来做基金销售的依据

耶鲁公开课 - 金融市场课程节选