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.

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-trackingfund）已经蚕食了指数基金(active fund)经理们所控制的市场份额。

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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.

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-trackingfund）已经蚕食了指数基金(active fund)经理们所控制的市场份额。

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