就本身而言，共同基金比对冲基金自由度低，因而对冲型的共同基金获得高额回报的机会也较少。
By definition, mutual funds have less freedom than hedge funds, so there is less scope for hedge-style mutual funds to earn outsize returns.
不仅他们从象对冲基金等备选资产种类的收入已经在下降，而且他们还面临将零售客户输给交易型开放式指数基金的惨淡前景。
Not only have their revenues from alternative asset classes such as hedge funds been declining, they also face the prospect of losing retail clients to ETFs.
DST的股东，纽约老虎对冲基金已经致力于投资那些处在创业期的技术型公司。
Tiger Global Management, a New York hedge fund that is also a shareholder in DST, has already specialised in investing in start-ups beyond the West's well-known technology clusters.
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