Because investors cannot beat the market in aggregate, all this means is that money is transferred from investors to fund managers.

因为总体上来说投资者无法超越市场的表现，这就意味着资金从投资者手里转移到了基金经理的手里。

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By talking to prime brokers (the arms of Banks that serve hedge funds), the authorities have also been able to monitor the aggregate level of hedge-fund exposure, and thus systemic risk.

通过与首席经纪商(银行向对冲基金提供服务的人员)谈话，官方能够监督对冲基金的总体风险，即系统风险。

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This is an important function of the software company's trading fund aggregate data, including Social Security fund.

这是本软件一个重要功能基金公司的交易汇总数据，其中也包括社保基金。

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For example, the Lehman Aggregate Bond Index contains more than 6, 000 bonds, but the Barclays iShares Lehman Aggregate Bond Fund ( AGG) contains only a little more than 100 of those bonds.

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By talking to prime brokers (the arms of banks that serve hedge funds), the authorities have also been able to monitor the aggregate level of hedge-fund exposure, and thus systemic risk.

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The first three types of fees are shown, as an aggregate total, in each mutual fund's expense ratio, and are generally reported in your 401(k)'s "summary documents" as a percentage of assets.

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