special-purpose fund

基本解释

One would create a special purpose investment vehicle to help fund asset purchases -- in this case, presumably, high-quality sovereigns (i.e. Italy and Spain).
一是设立一个特殊目的投资工具（SPIV），帮助基金买入资产——就此而言，这些资产可能是优质主权债券（即意大利和西班牙）。

In connection with investor redemptions it could not meet in 2008, Yorkville Advisors restructured its hedge fund operations, creating special purpose vehicles and giving redeeming investors the option of receiving securities in-kind or ownership in the SPVs.
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In connection with investor redemption requests it could not meet in 2008, Yorkville Advisors restructured its hedge fund operations, creating special purpose vehicles and giving redeeming investors the option of receiving securities in-kind or ownership in the SPVs.
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