Please account for the following sentence: "In early February, the SEC confirmed that it was investigating whether the major brokerage houses were tipping off hedge funds to the trades the brokers handle for big clients like mutual funds." This sentence is taken from an article in Fortune Magazine. I spent much time on it and my conclusion is that there is something wrong in its word order. Am I right?
In addition, what is "hedge fund"?
My comments:
There's nothing wrong with the sentence, Zhou.
Breaking it down, you'll see these points:
Brokerage houses handle trades for mutual funds.
Mutual funds are among the big clients of major brokerage houses.
Apparently, there were allegations that the brokerage houses were tipping off hedge funds to the trading activities of their big clients like mutual funds.
As a result, there appeared to have been an investigation conducted by the US Stock and Exchange Commission (SEC), to see whether the allegations were true.
On Tuesday, the SEC confirmed the investigation.
Naturally, when all those ideas are bundled into a single sentence, they become a tough nut to crack, especially for the uninitiated - readers who are not familiar with financial terms such as mutual fund, brokerage, stocks and trades.
And hedge fund of course in your case.
A hedge fund is a fund (money collected and kept) for hedging. A hedge is a row of close-growing small bushes used for dividing one garden from another. Hedges protect the garden from trespassers. The hedging businesses in the financial world are aimed at protections against something bad from happening, i.e. future losses.
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