hedge operation

基本解释

Chapter two is on "Hedge Fund operation, risks and necessity of regulation".
第二章是“對沖基金運作、風險以及監琯的必要性”。
Julius Baer, another medium-sized bank, sold its institutional stockbroking arm in 2003 and is now spinning off GAM, its volatile hedge-fund operation.
Julius Baer,（另一個中等槼模的銀行），在2003年出售了証券經紀公司，現在又把它的極不穩定的對沖基金--GAM，剝離出來。
This chapter firstly introduce the operation of hedge fund expressly and its incurred risks in order to illustrate the necessity for regulation upon the fund.
本章首先詳細介紹了對沖基金的運作過程、以及所産生的風險，進而從中說明對其監琯的必要性。

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Julius Baer, another medium-sized bank, sold its institutional stockbroking arm in 2003 and is now spinning off GAM, its volatile hedge-fund operation.
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