—99年:俄罗斯和长期资本管理危机。
这是金融世界在长期资本管理公司崩溃后应该学到的一课。
It's a lesson the financial world might have heeded after the collapse of Long-Term Capital Management.
他们致力于避免重蹈98年的覆辙,当年,长期资本管理的崩溃引起了一场流动性危机。
They are naturally keen to avoid a repeat of 1998, when the collapse of Long-Term Capital Management (LTCM) prompted a liquidity crisis.
长期资本管理公司,是一个1998年失败了的对冲基金8,并且被美联储保释了。
Long-term Capital Management was a big hedge fund that failed in 1998 and got bailed out by the Fed.
但是十年前,联储帮助组织了对“长期资本管理”的援救,这是一个对冲基金,没有公众资金的介入。
But ten years ago the Fed helped organise the rescue of Long-Term Capital Management, a hedge fund (although no public money was involved).
它已经接受了几次历史上的考验,包括上世纪90年代美国长期资本管理公司失败和大型宏观基金失败。
It has already undergone several upheavals in its history, including the collapse of Long-Term Capital Management and the fall of the big macro funds in the 1990s.
贝尔是唯一一家拒绝帮助长期资本管理公司摆脱困境的公司,后者曾是在1998年濒于崩溃边缘的对冲基金。
Bear had been the only big firm that refused to help out Long-Term Capital Management, a hedge fund that came close to the brink in 1998.
但是还没有到达2002所达到年的高度,也没有达到1998年长期资本管理公司(一家对冲基金)被救起时的高度。
But it has yet to reach the heights seen in 2002, or when Long-Term Capital Management, a hedge fund, was being rescued in 1998.
当长期资本管理公司崩溃时,其高管试图说服巴菲特来施以援手,就像几年前他曾对所罗门兄弟公司所做的那样。
When LTCM collapsed, its executives tried to convince Buffett to come to its rescue, as he had done with Salomon Brothers a few years earlier.
没有一家私人财团支持新杰斐逊的前景,同样的事也在1998年的对冲基金“长期资本管理公司”身上发生过。
There was no prospect of a private consortium propping up New Jefferson, as had happened with Long Term Capital Management, a hedge fund, in 1998.
前进的道路上亦有坎坷,比如说长期资本管理公司(LTCM)和对冲基金的近乎崩溃,网络泡沫,但是每一次,市场总能快速恢复。
There were bumps along the way, such as the near-collapse of Long-Term Capital Management (LTCM), a hedge fund, and the dotcom bust, but each time markets recovered relatively quickly.
而在亚洲货币危机爆发,俄罗斯违约以及拯救过度杠杆化的长期资本管理公司(LTCM)的背景下,市场对全球陷入衰退感到恐慌。
Then there was wide fear of world recession after the Asian currency crisis, the Russian default and the rescue of Long-Term Capital Management, an overleveraged hedge fund.
第二个问题的答案是,华尔街的对冲基金运用90年代中期长期资本管理公司开发的技术,计算出借大笔的钱而成本几乎可以不计的方法。
The answer to #2 is that Wall Street hedge funds, using techniques pioneered in the mid-90s by Long Term Capital Management, have figured out ways to borrow large sums of money at virtually no cost.
它因亚洲金融危机而遭受广泛影响,长期资本管理公司的崩溃,一个超级明智的对冲基金,网络经济崩溃,当然现在你可以称之为证券化的首次危机。
It has been pocked by the Asian crisis, the debacle at Long-Term Capital Management, a super-brainy hedge fund, the dotcom crash and now what you might call the first crisis of securitisation.
同时我还在担心的是10年前所发生的事。 当时长期资本管理公司(Long-Term Capital Management)濒临破产,引起了整个金融系统暂时冻结。
The parallel that worries me is what happened a decade ago, after the hedge fund Long-Term Capital Management failed, temporarily causing the whole financial system to freeze up.
华尔街虽一直因其用人唯才[2]而自豪,但那些引人注目的失败者却往往可以得到第二次机会:不妨看看曾创办长期资本管理公司(LTCM)[3]的JohnMeriwether[4]现在在做什么。
Wall Street prides itself on being a meritocracy [2], but those who fail spectacularly often get a second chance: think of John Meriwether [4] of Long-Term Capital Management [3].
我们会平衡我们在增长,和长期利润和资本管理上的重点。
We'll balance our focus on growth with emphasis on long term profitability and capital management.
SergeiMagnitsky曾就职于隐士资本管理公司,公司一把手比尔•布劳德曾是普京的忠实拥护者,但2005年因为长期与克里姆林宫亲近的公司结怨而被逐出了俄罗斯。
Sergei Magnitsky worked for Hermitage Capital, an investment fund run by Bill Browder, once a loyal Putinist who was barred from Russia in 2005 after feuding with firms close to the Kremlin.
经过这次资本重组,Stella酒店管理集团和Stella服务集团将分别接管2.05亿美元和3400万美元的长期债务。
Stella Hospitality Group and Stella Travel Services Group will take over US$205 million and US$34 million in long-term debts, respectively, as a result of the restructuring deal.
在公司的总体战略目标下,资本管理通过对长期资金的计划、获取和控制,实现公司偿付能力和盈利目标的双重平衡。
Under the company operation goals and objectives, the life insurer's capital management involves planning for, obtaining, and control the long-term funds.
在公司的总体战略目标下,资本管理通过对长期资金的计划、获取和控制,实现公司偿付能力和盈利目标的双重平衡。
Under the company operation goals and objectives, the life insurer's capital management involves planning for, obtaining, and control the long-term funds.
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