In April, Permal Group, a fund of hedge funds, launched a tactical-allocation mutual fund.

4月，对冲基金公司佩莫尔集团发行策略性分配的共同基金。

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In 2008 managed-futures funds (the class into which AHL falls) returned an average of 18.2% while the typical fund of hedge funds lost 19.8%, according to Eurekahedge, a data provider.

根据数据供应商eurekahedge, 2008年托管期货基金(AHL属于此等级)平均收益率为18.2%，而典型对冲基金则损失了19.8%。

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"It's almost as if you're a car dealer and there was a devastating crash", says one executive at a fund of hedge funds. "now people for the first time want to know what's under the hood."

“好像你是一个汽车经销商，而这儿发生了一起灾难性的交通事故”，一位基金经理人说道，“现在人们第一次想要弄清楚幕后到底是如何运作的。”

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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

耶鲁公开课 - 金融市场课程节选

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

耶鲁公开课 - 金融市场课程节选

The SEC enforcement action vindicates the efforts of Jason Papastavrou, who runs Aris Capital Management and a fund of hedge funds that invested in Quantek.

FORBES: SEC Charges Formerly $1 Billion Hedge Fund With Misleading Investors

The small guy's only option is a fund of hedge funds.

FORBES: Growing Pains

The average fund of hedge funds investor pays a 2% management fee and an 11% performance fee, in addition to the fees paid to each of the underlying funds.

FORBES: Hedge Fund Clients: A Loyal Group