投资者亦须留意此比率只适用于短期之内,因为有效杠杆比率倍数是随着时间变更的。
Investors should be aware that the effective gearing multiple does change and therefore is only applicable for short periods of time.
举例而言,控制流动性,对于对冲基金而言很有意义,但是对于私募基金则意义不大;控制杠杆率则恰好相反,对于私募的管理很有效,而对于对冲基金则效果不彰。
Controls on liquidity make much more sense for hedge funds than they do for private equity, for instance; the reverse could be argued for leverage limits.
征收通行费在经济上是有效的,它针对过度使用的资源(拥堵的道路)引入了价格杠杆。
Tolling is economically efficient: it prices an overused resource (crowded roads).
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