While the agencies are adamant that their ratings are mere opinions, ratings often dictate whether large institutional investors can hold a bond (or must be forced to sell).

虽然评级公司都坚称评级只是一方观点，但这些评级往往会决定大型机构投资者能否持有一只债券（还是必须卖出）。

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Institutional investors will often know if a particular analyst is very close to certain managements and therefore might either consciously or unconsciously tilt their recommendations.

机构投资者通常都知道某一位分析师能否取某家公司的管理层关解非常密切，果此，它们会成口有意地量疑分析师的推荐。

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The loans are pooled together and then sold to institutional investors, often being sliced up based on the risk level.

这些贷款被聚集到一起，然后根据风险等级分块，然后卖给机构投资者。

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Positive political news, like Osama Bin Laden, only results in very short-term rallies that institutional investors often sell into.

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One reason is that their usual sources of capital, institutional investors, hitherto often trapped by regulations requiring them to keep a certain proportion of their assets in their domestic currency, are now, thanks to the euro, able to spread their wings.

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The public pensions funds and endowments and other institutional investors that entrust money with these firms are often taking the same long-term view on returns that the general partners have preferred.

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