If you are--this is a private investment company -let's think before we talk about hedge--think of -suppose you're a public investment company approved by the SEC.

如果你是...这是一种私募投资公司,...在我们讨论对冲基金之前大家想一想,...假设你有一家经证交会认证的公共券商

耶鲁公开课 - 金融市场课程节选

A lot of investment companies don't want to be public, they want to be private so they don't have to.

许多投资公司根本不想公开化,他们希望保持私有化,以不披露信息

耶鲁公开课 - 金融市场课程节选