Chapter two is on "Hedge Fund operation, risks and necessity of regulation".

第二章是“对冲基金运作、风险以及监管的必要性”。

www.fabiao.net

Julius Baer, another medium-sized bank, sold its institutional stockbroking arm in 2003 and is now spinning off GAM, its volatile hedge-fund operation.

Julius Baer,（另一个中等规模的银行），在2003年出售了证券经纪公司，现在又把它的极不稳定的对冲基金--GAM，剥离出来。

www.ecocn.org

This chapter firstly introduce the operation of hedge fund expressly and its incurred risks in order to illustrate the necessity for regulation upon the fund.

本章首先详细介绍了对冲基金的运作过程、以及所产生的风险，进而从中说明对其监管的必要性。

www.fabiao.net

Lest there be any doubt that the hedge fund business is becoming crowded, get this: Billionaire investor Sid Bass is expanding his hedge fund operation by going after the do-good crowd.

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Julius Baer, another medium-sized bank, sold its institutional stockbroking arm in 2003 and is now spinning off GAM, its volatile hedge-fund operation.

ECONOMIST: Offshore private banking

Khan, a central figure in Operation Perfect Hedge, was one of the original cooperators with the government and she testified against Whitman at trial.

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