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

如果对冲基金,在15年前就变成主流,那么你会在它们的历史记录中看到什么呢

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

想想对冲基金刚出现时,差不多20或25年前,它就像雷达屏幕上的一个小点

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He looked at a group of hedge funds that numbered 331 in 1996 and by 2004,eight years later, 75% of them had disappeared.

他取样了一组对冲基金,是1996年的331支,到8年后的2004年,其中的75%都消失了

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Well, those hedge funds charge enormously more than what a standard manager of marketable securities' charges.

那些对冲基金经理的收费,远比证券投资经理的收费高

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So,huge amounts of institutional funds and individual funds are going into this hedge fund world.

大量机构基金和个人基金,都将进入对冲基金领域

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I think more and more that'll be a part of what hedge funds do.

我认为会越来越成为,对冲基金的业务之一。

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I think it's very hard to raise the definition of accredited investors because the minute you do that you're closing large numbers of people out from their ability to invest in hedge funds and they don't like that; they feel insulted, so there was a lot of angry reaction.

我认为要提高,合资格投资者的门槛很难,因为一旦实施,大量的投资者将被拒之门外,这些有能力投资对冲基金的人们,可不会开心,他们会觉得被侮辱了并因此而恼怒

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Now, there are different kinds of hedge funds -there's a lot of legal complexity here but a 3c1 hedge fund is limited to ninety-nine investors.

如今有各种各样的对冲基金,...其中牵涉了许多复杂的法律条文,比如3C1对冲基金,投资人数上限为99人

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