THE high fees that private-equity firms charged in the boom, typically 2% of the assets they oversee (the “management” fee) and 20% of the upside (the “performance” fee), are harder to pocket now.

私募基金公司收取的费用正在急速上涨，其中较为典型的是2%的资产管理费用还有20%的，这些费用现在都不能装进自己的口袋了。

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Such business, barely profitable in the boom years, has become a gold mine as competition has dwindled and bid-ask spreads (the money dealers pocket on trades) have ballooned.

上述在繁荣年份几乎不赚钱的买卖现在已成为发财金矿，因为竞争减小，买卖差价(货币交易商交易中所谋利润)激增。

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The high fees that private-equity firms charged in the boom, typically 2% of the assets they oversee (the "management" fee) and 20% of the upside (the "performance" fee), are harder to pocket now.

繁荣时期私募股权公司收取的高昂费用，一般来说为它们管理的资产的2%(“管理”费)加上升值部分的20%(“绩效”费)，在现在已经很难获得了。

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