亚马逊拟将“Prime Day”促销活动提前至6月

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These semi-liquid funds didn’t lend to the giants of the tech world like the Oracles and Intels. Instead, they parked a lot of their investor cash with mid-sized software companies, a debt category that looked like a great risk until late last year. One aspect that may have augmented the funds’ difficulties. It’s long been common for funds to hold around 10% of their assets in cash, usually in short-term treasuries, to fund redemptions. But industry sources told me that in some cases, managers found those super-safe cushions an unnecessary drag on their returns, since loads of money was pouring in, and only a trickle leaving. So they placed the “reserves” in syndicated debt that showed better yield. The problem: Those pools also included lots of software bonds that were dropping in value. Hence, when the funds sold those bonds to raise cash, they got far less than the 100 cents on the dollar that they invested. That shortfall may have tightened the liquidity available to meet redemptions.。业内人士推荐手游作为进阶阅读

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Mar 10, 2026 8:10 AM

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关于作者

马琳,资深行业分析师,长期关注行业前沿动态,擅长深度报道与趋势研判。

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