Because of the high fees they charge, hedge funds need to make big gross returns to deliver decent net returns to their clients.

由于对冲基金收取很高的管理费，它们必须获得非常高的毛回报才能带给客户令人满意的净回报。

youdao

Investors, typically hedge funds, buy high-coupon bonds that are often divided into tranches.

投资者，通常是对冲基金，购买这种分为不同部分的高利率债券。

youdao

I see far ahead, on the other side of the hedge bordering the high road, a small notice-board.

我朝前面向远处望去，在公路旁树篱的另一侧有一块小的布告牌。

youdao

For example, virtually every state pension that I know of has told locals, including participants and taxpayers, that investing in high-risk, high-fee, leveraged hedge funds is, in fact, a conservative investment strategy.

FORBES: Kentucky Retirement System Whistleblower Sends Unite Here Union Report to SEC

Fire the high-paid hedge fund managers and investment consultants and convert all state pension plans to 100 percent low-cost index funds.

FORBES: An Easy Way to Reduce State Debt

Over the last few years, mutual fund companies have rolled out dozens of funds that mimic high-priced hedge funds.

FORBES: Why Hedge Fund Strategies Don't Work for Most Investors