Even though more money was removed out of stock funds in July as in any month since October 1987, sales of fund shares in July were not as low as an industry trade group had previously estimated.

尽管7月从股票型基金中撤出的资金达到1987年10月以来的最高水平，但7月基金份额的销售并不像某行业协会此前估计的那么低。

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In April, Permal Group, a fund of hedge funds, launched a tactical-allocation mutual fund.

4月，对冲基金公司佩莫尔集团发行策略性分配的共同基金。

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One of those investors is John Morris, a managing director with Boston-based fund-of-funds manager HarbourVest.

这些投资者中就有波士顿“基金中的基金”(FOF)管理公司HarbourVest的董事总经理约翰·莫里斯。

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Now, there are different kinds of hedge funds -there's a lot of legal complexity here but a 3c1 hedge fund is limited to ninety-nine investors.

如今有各种各样的对冲基金,...其中牵涉了许多复杂的法律条文,比如3C1对冲基金,投资人数上限为99人

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One pension-scheme manager says he demanded, and quickly secured, a halving of his fee rate from a fund-of-funds.

ECONOMIST: Hedge fund fees are being squeezed

The SEC custody rules requires that they be distributed to investors within 120 days (or 180 days in the case of fund-of-funds).

FORBES: CFTC Registration Adds Additional Regulatory Layer for Hedge Funds

This makes it all the more important that fund-of-funds managers are vigilant.

ECONOMIST: Funds of hedge funds: Borrowing and betting | The