你的养老基金的受托人决定哪一位基金经理将投资你部分或所有的未来收入。
The trustees of your pension fund decide which fund manager will invest some or all of your future income.
经济学家认为关于持续投资收益测试的结果也能用于分辨共同基金经理是否具备真正的专业知识。
The economists say that similar tests of persistence in returns have also been used to detect whether mutual-fund managers have genuine expertise.
有些投资者还担心损失太多导致基金经理丧失勇气，就算市场回暖，他们也会错失翻本的机会。
Some worry that, having made big losses, some managers may have lost a bit of nerve-and will forfeit gains if markets rebound.
一位基金经理说道，“如果不是投资者们担心，他们也不会这样做。”
They wouldn’t be doing it if investors weren’t worried about it.
在全球市场中游走的美国股票基金经理事实上都是反向投资者。
As they move among global markets, US equity managers are actually contrarian.
“经理人将得到alpha收益的大部分而不是投资人。”Schroders的资产经理Alan Brown说道。
“A disproportionate amount of the benefits of alpha go to the manager, not the client, ” says Alan Brown at Schroders, an asset manager.
但是投资者必须意识到，在市场飙升时，他们的业绩将无法与传统只做多头的经理人相比。
But investors have to be aware they will not match the returns of traditional long-only managers when markets are surging ahead.
一些经理人已经开始定期会见他们的投资者，更频繁地给他们提供业绩报告。
Some managers have started to meet their investors regularly and provide them with more frequent reports about performance.
这些都是华尔街的投资者和基金经理人可能不会完全注意到的细节。
These are details that investors and fund managers on Wall Street may not be fully aware of.
基金经理和银行高管已经明白，如果知道同侪也在赔钱，那么投资人往往更加宽容地接受损失。
FUND managers and bank executives have learnt that investors are often more forgiving if their peers are losing money as well.
他是否真像拥趸所宣称的那样，能使经理与投资者利益更趋一致的先进商业模式呢？
Is it, as its supporters claim, a superior business model in which the interests of managers and investors are better aligned?
经理过去按季度向投资者提供最新信息，只告知投资者基金的业绩；现在，经理煞费苦心地解释基金的策略。
Managers used to update investors quarterly only to inform them of the fund’s performance; now they take pains to explain the fund’s strategy.
这名基金经理说，对许多投资者而言，这是一项可怕的交易。
For many investors, 'that was a terrible trade,' the fund manager says.
经理人赚的最多的是他们的绩效费，这意味着他们的收入的多少与投资者的回报有关。
Managers earn their big money in the form of performance fees, which means bonuses rise and fall with investor returns.
“许多投资者认为他们购买的德国债券是几乎稳赚不赔的，”一位基金经理说。
"Many investors thought they were buying German bunds with a bit of free yield," says one fund manager.
首席基金经理通常也是最大的投资者，其酬劳也取决于基金的获利表现。
The main fund manager is usually the largest investor and remuneration depends on the fund performing profitably.
投资银行美林对基金经理做了个调查，其中82%认为今年的波动率会提高。
A survey of fund managers by Merrill Lynch, an investment bank, found 82% expected volatility to rise this year.
基金经理们愿意买那些低估值股票，特别是所谓的价值投资者。
Managers -- particularly those who practice so-called value investing -- want to buy stocks that seem undervalued.
经理人和董事会将发现，经过这次他们给投资者带来的创伤后，他们很难在将来声称自己是最了解市场的。
Managers and boards will find it much harder in future to argue that they know best after the pasting they have given investors.
上述数据显示出，日本经理人正在关注那些批评公司持有现金而不向股东返还的投资者。
These figures suggest that Japanese managers are paying attention to investors who criticise them for holding on to cash rather than returning it to shareholders.
将自己的钱毫无保留的交给基金经理、投资者或者银行家从来就不是一个好主意。
Mindlessly handing your money over to a fund manager, investor or banker is never the best idea.
如果付给基金经理的费用上升，一般投资人的收益肯定会下降。
If the fee paid to the fund manager increases, the return achieved by the average investor must decline.
投资者们将不在任由那些容易出错且价格不匪的基金经理的摆布了。
No longer must investors be at the mercy of error-prone and expensive fund managers.
投资者必须寄希望于经理们对债券的明智选择。
Those investors will have to hope that the managers choose their bonds wisely.
因为总体上来说投资者无法超越市场的表现，这就意味着资金从投资者手里转移到了基金经理的手里。
Because investors cannot beat the market in aggregate, all this means is that money is transferred from investors to fund managers.
牛市中多头投资者和对冲基金经理是否推动股票价格向上还没有经过调查。
It has not investigated whether bullish investors and executives talked bank share prices up in the good times.
投资者将要求对冲基金经理透露更多情况，而且他们理当如此。
Investors will demand to know more than hedge fund managers currently tell them, and rightly so.
短期来看，事实上，投资者经常强迫他们的共同基金经理买入高价股票而低价卖出。
In short, investors often force their mutual fund managers to buy expensive stocks and sell cheap ones.
他不相信对冲组合基金，因为这是让投资者的钱流向组合基金经理，而他的怀疑很明显受到赞同。
His distrust of funds of hedge funds, which channel investors' money to a portfolio of managers, is apparently Shared.
他不相信对冲组合基金，因为这是让投资者的钱流向组合基金经理，而他的怀疑很明显受到赞同。
His distrust of funds of hedge funds, which channel investors' money to a portfolio of managers, is apparently Shared.
应用推荐