如果基金会经营有道,那么它们就能影响慈善团体花掉剩余资金的方式。
If foundations give wisely, they can influence the way charities spend the rest of their money.
其他人则已经开始经营只做多头基金,由此启动了一个大得多的市场。
Others have started long-only funds, thereby opening up a much bigger market.
Bernie Madoff的欺诈不是过度刺激的结果,严格意义上来说,他不是经营一个对冲基金。
The fraud of Bernie Madoff (who did not technically run a hedge fund) was not the result of bad incentives; he earned no management fee at all.
Harvard University, Princeton University, and other universities have done extremely well on their endowments; however, not quite as well as Yale.
哈佛大学 普林斯顿大学,和其他的大学,各自的基金上都经营得很好,但是,都比不上耶鲁大学
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