But if investors demanded their money back at a time when Treasury bills were illiquid, money-market funds might be forced to suspend resumptions or "break the buck".

但投资者如果在国库债券流动性不足的时候要求收回他们的钱银，那么货币市场基金可能会被迫暂停货币回笼或“跌破票面价值”。

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Both high yields and illiquid assets are also attractive to hedge funds, which have become the rising powers of the fund-management industry.

高收益和非流动性资产也是对冲基金之所爱，后者正成为资金管理业的后起之秀。

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As a result, many funds offer daily liquidity, which means they do not have much flexibility with their strategies and cannot take illiquid positions.

结果，许多基金提供每天的流动性报告，意味着他们没有同策略相应的太大的流动性，无法建无流动资金的仓。

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Only accredited investors can buy hedge funds, and many such funds contain illiquid assets.

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The issue of valuing hard-to-value assets has hovered over all sorts of investment funds holding illiquid assets ever since the credit crisis hit financial markets.

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Just two years ago, the private equity business was reeling from massive redemptions by university endowments and pension funds purging their illiquid investments at fire sale prices.

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