Unlike the banks, no hedge funds had to be rescued by governments.

与银行不同的是，没有对冲基金需要政府救助。

No, you're not an investor in one of those hedge funds that failed completely.

不，你不是那些彻底失败的对冲基金中某一家的投资者。

"Hedge funds used to be set up by two guys in a back alley with a flashlight," says one veteran.

一位资深人士表示：“对冲基金过去是由两个人拿着手电筒，在一个偏僻的小巷里建立起来的。”

If hedge funds first became mainstream fifteen years ago, then what are you looking at in terms of history?

如果对冲基金在15年前首次成为主流，那么从历史的角度来看，你在看什么?

At times of trouble, they will retreat from risky assets such as hedge funds and into cash and government bonds.

在困难时期，他们会从对冲基金等风险资产中撤出，转向现金和政府债券。

Think about the advent of hedge funds, twenty or twenty-five years ago, hedge funds were a blip on the radar screen.

想想对冲基金的出现，20或25年前，对冲基金是雷达屏幕上的一个光点。

If the cost of their finance goes up, they will have either to cut the supply or raise the cost of finance to important investors such as hedge funds.

如果它们的融资成本上升，它们将不得不削减供应或提高对冲基金等重要投资者的融资成本。

WHAT is it about hedge funds?

对冲基金是什么？

Registration of hedge funds.

登记对冲基金。

Plenty of hedge funds have folded.

大量对冲基金已停止营业。

That includes hedge funds.

其中包括对冲基金。

Hedge funds are not too big to fail.

对冲基金不会太大而不能倒闭。

Not so when it comes to hedge funds.

但对对冲基金这就未必了。

Some hedge funds are also suffering.

一些对冲基金也因此颇受影响。

Hedge funds often use borrowed money.

对冲基金往往使用借来的钱。

How about hedge funds?

对冲基金又如何？

Hedge funds have also got in on the act.

对冲基金也开始有这方面举动。

THIS is not an easy time for hedge funds.

对于避险基金而言，现在是困难时刻。

The idea came from buy-out and hedge funds.

这个理念出自收购基金和对冲基金。

The third category includes hedge funds.

套头基金包涵在第三个类别。

These are not the only draws for hedge funds.

对对冲基金来说吸引力绝不仅此而已。

Even so, faith in hedge funds has been shaken.

虽然如此，对对冲基金的盲从已经被动摇了。

Some hedge funds may have to give upaltogether.

一些对冲基金也许会全部售出手中持有。

Some hedge funds may have to give up altogether.

一些对冲基金甚至会因此彻底破产。

HEDGE funds have not had much to savour recently.

最近对冲基金乏善可陈，没太多东西可品尝。

Hedge funds could be among the next problem areas.

对冲基金将出现在下个问题领域。

Nailing hedge funds can be particularly difficult.

揭发对冲基金交易更是特别地困难。