此外，基金管理者缺乏议价才能。
但是试想每个机构得奉上利润给对冲基金管理者。
But suppose that every institution handed its portfolio to hedge-fund managers.
（而）大部分的基金管理者只设定了一两年的期权锁定。
费用收入使得一些对冲基金管理者变成了亿万富翁。
Fee income turned some hedge-fund managers into billionaires.
我认为，风险资本的动机完全因基金管理者的质素和才能而异。
In my opinion, VC motivations are really tied entirely to the quality and caliber of the people you are dealing with at the various funds.
第一，零售基金管理者通常与过去的业绩进行比较，而不是价格上。
First, retail fund managers compete on past performance rather than price.
这个结果无论对投资者还是基金管理者来说都是令人不满意的。
The result tends to be unsatisfactory for both investors and managers.
他们可以依靠基金管理者的服务，不过其费用可能会超过所能获得的额外回报。
They can rely on the services of a fund manager, but the fees might outweigh the extra returns.
[font=Verdana]但是试想每个机构得奉上利润给对冲基金管理者。
[size=10.5pt][font=Tahoma]But suppose that every institution handed its portfolio to hedge-fund managers.
麦肯锡的Huber先生说:“基金管理者经常有太多的资产组合经理而太少的业务经理”。
“Fund-management groups often have too many portfolio managers and too few business managers, ” says McKinsey’s Mr Huber.
基金管理者的小费总是在侵吞投资者的回报；etfs是一种让投资者更多的持有自身资金的行之有效的方法。
Fund managers' fees have always eaten into investors returns; ETFs were a splendid way of letting investors keep more of their money.
海崖资本公司的对冲基金管理者詹姆斯·埃尔曼认为，取消作市场标记的规则将给予银行和经济立即的推动。
Hedge fund manager James Ellman of Seacliff Capital thinks removing the mark-to-market rule would give an immediate boost to the Banks, and to the economy as well.
因此，银行业走向了“开放式架构”，其中银行的主要作用是分销商而不是制造商，并且为基金管理者销售产品。
Hence there has been a move towards "open architecture", in which Banks act more as distributors than manufacturers and sell products from across the industry.
部分优势也被高额的资本利得税（其损害了投资者利益）和所得税（其损害了高收入基金管理者利益）部分所抵消。
The advantages are also partly offset by high taxes on capital gains (which hurt investors) and on incomes (which sting well paid fund managers).
更糟糕的是，基金管理者发现许多中介机构买卖基金因为这些中介想从他们顾客这里赚取利润，从而使得资产一出来就被卖掉了。
To aggravate matters, fund managers can find that intermediaries churn funds as they seek to generate income from their clients, causing assets to disappear as fast as they arrive.
因为这种基金不用花钱雇用重量级(并且很贵)的MBA基金管理者来选择股票，而且指数基金一般以其它基金更便宜。
Because the fund does not have to pay some hotshot (and expensive) MBA fund manager to pick stocks, an index fund is often cheaper than any other mutual fund.
鉴于基金流量对基金管理者和股市监管者的重要性，本文利用非平衡面板数据实证分析了基金家族特征是否影响基金流量。
Given the importance of fund flows for fund managers and the supervisors of stock market, this paper examines whether fund families affect fund flows based on unbalanced panel data.
他将监察海湾油污清理情况，回应美国方面法律上的指控，并向第三方基金管理者KennethFeinberg移交BP公司的合理请求。
He will oversee BP's cleanup efforts in the gulf, as well as its legal response and the handover of the claims process to the escrow fund's administrator, Kenneth Feinberg.
通过对模型的研究可以看出，相对业绩标准的引入不仅可以提高基金管理者的激励强度，降低基金投资者的风险，同时也可以降低成本。
By researching the model, we find that the introduction of the relative performance can raise the fund managers' incentive efficiency, reduce the fund investors' risk, and also reduce the agency cost.
在有限合伙制风险基金中，基金管理者和投资者之间存在着委托代理关系，基金管理者的风险补偿主要源于基金的管理费用和附带权益。
There is a principal-agent relation among venture capitalists and investors in the venture capital limited partnership. The compensation for venture capitalists are fixed and variable pay.
当你买了基金，你会跟其他很多投资者将钱放在一起，这样你(作为团体的一部分)就可以雇佣专业的管理者来为你选择特定的有价证券。
When you buy a mutual fund, you are pooling your money with a number of other investors, which enables you (as part of a group) to pay a professional manager to select specific securities for you.
去年加州公务员退休基金改变了其政策，即强制外部财政管理者公开他们是否雇佣承销商来招揽生意和其支付金额。
Last year CalPERS changed its policy to force external money-managers to disclose whether they are using placement agents to solicit business and how much they are paying them.
过去十年“精品”管理者最大的扩张领域当然是对冲基金。
The biggest area of expansion for boutique managers over the past decade has, of course, been in hedge funds.
继续牵连社区的话题，Eckel被问及他是否曾经预见Pulse的管理工作正被转移到Eclipse基金会(作为公正管理者)的身上。
Continuing on the topic of community involvement Eckels was asked if he ever foresaw the stewardship of Pulse being transferred to the Eclipse foundation as an impartial steward.
但是，创始人死后，基金会趋向于变得硬化和迷失——失去最初目标远见的管理者的封地。
But, after the founder has died, foundations tend to become sclerotic and directionless-the fiefs of administrators who have lost sight of the original aims.
大多数对冲基金是高度专业化的，对管理者或管理团队的专业技术依托。
Most hedge funds are highly specialized, relying on the specific expertise of the manager or management team.
本文探讨了科学基金后期管理的作用和重要性，并强调提高管理者的自身素质。
The effects and importance of later stage management of scientific fund are analyzed, and it is emphasized on the improvement of scientific fund manager quality.
本文探讨了科学基金后期管理的作用和重要性，并强调提高管理者的自身素质。
The effects and importance of later stage management of scientific fund are analyzed, and it is emphasized on the improvement of scientific fund manager quality.
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