据说这些受害者有些会被蚕食。

It is said that sometimes the victim would be cannibalized.

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最终将形成这些对冲基金巨头的廉价竞争者。 这类似于指数追踪基金（index-tracking fund）已经蚕食了指数基金(active fund)经理们所控制的市场份额。

The result could be a cheap competitor for the hedge-fund titans, akin to the index-tracking funds that have eaten into the market shares of active fund managers.

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