但是这种经济理论很难解释市场高度分割而费用却居高不下的奇特的基金管理世界。
But economic theory struggles to explain the bizarre world of fund management, where the market is fragmented but fees stay stubbornly high.
专业的管理-共同基金的主要优势(至少在理论上)是有专业人士管理你的钱。
Professional management - the primary advantage of funds is the professional management of your money.
想象所谓的定量基金是否在作出决定前真正的应用了金融理论。
So-called quant funds (among the most profitable investment managers yet) truly employ financial theory when making their decisions.
对于对冲基金的表现是否与有效市场思想冲突的问题，作者没有直接回答，而是提出了另一种概念：适应性市场理论（adaptive market theory），指出躺在地上的20美元钞票是存在的，只不过不是在大街上，而是在死胡同里。
What about the thought that hedge funds undermine the idea of efficient markets? Instead, Mr Lo suggests an alternative concept: adaptive market theory.
因此该笔基金与美国提供的问题资产救助计划相比，更像是理论上的数字，而这正是事情显得有些诡异的地方。
The fund is therefore more a theoretical construct than the Troubled Asset Relief Program that was created in the United States, and that is where things get tricky.
加州大学戴维斯分校这项新的研究是由美国国家科学基金会先进生物理论计划资助的。
The new UC Davis study was supported by the Advancing Theory in Biology program at the U.S. National Science Foundation.
在理论上，共同基金是一个很好的想法，但在现实中，它并不总是能如愿以偿。
Mutual funds are an excellent idea in theory, but, in reality, they haven't always delivered.
理论上说，这使得他们可以满足每一顾客所有的需求；仅依据平均律，这也意味着必然会有一些基金表现良好。
In theory, this allows them to meet all of a client's needs; it also means they are almost certain to have some funds that are performing well, just by the law of averages.
从理论上讲，这意味着赈灾基金的实力被放大了若干倍。
In theory, this means that the rescue fund's power could be magnified several times.
对冲基金的理论基础是基于对金融市场上存在的“市场失败”的认定和“市场失败”到回归“正常”的必然趋势。
The theoretical basis of hedge fund is the firm maintaining of "market failure" in financial market and the necessary tendency of "market failure" to "normality".
本文从理论、方法、应用等角度，多侧面研究了基金评价问题。
The paper analyzes the problem of fund evaluation from aspects of theory, method and application.
本论文是国家自然科学基金项目“可信传感器网络路由交换理论与关键技术”的重要组成部分。
This paper is an important part of Natural Science Fund project-routing Theory and Key Technologies of Reliable Sensor Networks.
第二部分介绍基金业绩评价有关的理论，包括传统的评价方法和现代的基于风险调整的评价方法。
Then, the relevant theories of fund performance evaluation are presented, including traditional evaluation methods and modern system taking risk into account.
本文围绕着北京市自然科学基金项目，对智能化宽频带可调谐激光器进行了理论和实验两方面的研究，并初步研制出两台实验样机。
In this paper, we have studied the theory and experiment of intelligent wide-band tunable laser around Beijing Natural Science Foundation Proposed Program and developed two testing laser system.
我国封闭式基金这种普遍的高折价现象是不合乎情理的，已经引起了理论及实务界的高度重视。
The high discount phenomenon of our closed-end fund is unreasonable, it has caused high attention of the theory & practice field.
运用博弈论中不完全信息静态博弈理论，对电信普遍服务基金分配机制进行了研究。
Using the incomplete information static game theory, the telecom universal service fund allocation mechanism was studied.
运用委托代理理论对有限合伙制条件下基金管理人的业绩报酬设计进行了分析。
The performance reward mechanism of fund manager is analyzed under limited partnerships by applying principal-agent theory.
从不完全契约理论和委托代理框架的视角分析开放式基金治理结构，可以得出不存在最优的治理结构的结论。
With the analysis under the incomplete contract theory and principal-agent theory, there is no such an optimum governance structure for open-end fund either contract style or corporate style.
本文以实证研究为主，结合理论分析，分别对封闭式基金和普通股A股的最小报价单位进行分析。
My paper studies from empirical analysis and theory, and analyzes the tick for fund market and A stock market.
本文基于分形市场理论及对中国股市的实证研究，提出了开放式基金防范信息性风险的有效策略。
We propose some effective strategies of preventing informative risk in open-end funds based on the empirical investigation of China Stock Market and on the fractal theory in this paper.
由于标准金融理论很难圆满解释这一现象，因而被称为“封闭式基金之谜”。
The standard financial theory can't satisfactorily explain this phenomenon, therefore, we call this phenomenon closed-end fund puzzles.
本文针对我国基金管理公司的股权结构与其旗下基金绩效之间的关系进行了理论的探讨和实证上的分析研究。
This paper analyses Chinese fund management corporation's ownership structures and performance of its funds both in theory and empiric.
利用壳聚糖基金属配合物材料作为一氧化碳的吸附剂，在理论上具有很大应用潜力。
So it is possible that chitosan metal complex may have a great potential of being used as a CO sorbent in theory.
封闭型基金折价是一个一直困扰人们的难解之谜，它违背了有效市场假说，是对现代金融理论的一种挑战。
Closed-end fund discount is a puzzle which perturbs many people, for it violates the efficient market hypothesis and challenges the modern financial theory.
风险投资基金主要有公司制和有限合伙制两种组织形式，运用委托代理理论对这两种形式的最优监督问题进行了探讨。
Venture capital funds are mainly the institution of company and the institution of limited partnership, the optimal monitoring problem is discussed by principal-agent theory.
对基金业绩持续性的研究在理论和实践上都有着重要的意义。
Study of the persistence of mutual fund performance has very important significance in the theoretical and practical area.
他说，全球基金不是基于理论上的需要而成立，而是直接在回应指明他们将如何花这笔钱的国家的要求。
He said the Global Fund is not based on theoretical needs but rather responds directly to requests by countries who have to specify how they will spend the money.
风险投资基金中存在着双重委托代理关系，故委托代理理论适用于研究投资人与基金管理人之间的博弈。
There are double Principal-Agent relationship in venture capital fund, so the Principal-Agent theory is suitable for research the game between investor and found management.
风险投资基金中存在着双重委托代理关系，故委托代理理论适用于研究投资人与基金管理人之间的博弈。
There are double Principal-Agent relationship in venture capital fund, so the Principal-Agent theory is suitable for research the game between investor and found management.
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