As a result, hedge funds account for a far higher proportion of trading volumes than they do of assets managed.

因此，对冲基金所占交易量的比例远高于其所占管理资产的比例。

youdao

This narrow definition of trading account, with a focus on intent to sell the assets in the next 60 days, would allow JP Morgan to argue that the chief investment office portfolio, classified as held for sale, was not a trading account.

FORBES: Did JP Morgan Violate the Volcker Rule?