| 1. | It is possible that the sharp volatility we saw recently was , to a significant extent , a reflection of forced , mass liquidation of positions by a group of these funds , triggered by sudden market movement in a particular direction , which could itself be the result of new market positions taken by another group in the same direction
近期市场剧烈波动，很大程度上可能是由于一批对冲基金同步在市场买入同一方向的新仓盘，促使市场突然转向，结果迫使另一批持盘相反的对冲基金进行大量平仓。 |
