New institutions, such as hedge funds and conduits—what Paul McCulley, of Pimco, a fund management group, has called “the shadow banking system”—are highly dependent on borrowed money, or leverage.

像冲基金和管道机构---Pimco资金管理集团的Paul McCulley将它们称为“影子银行系统”---这样的新兴机构严重地依赖借入资金（或曰杠杆）。

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The level of seal management of purchasing fund, state of system reform of circulation of grain and effect of management of enterprises link closely together.

收购资金封闭管理水平和粮食流通体制改革状况以及企业经营管理效果紧密相连、息息相关。

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The fund management model of an enterprise group is determined by its organization structure and financial management system.

企业集团的资金管理模式是由集团的组织模式和财务管理体制决定的。

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Citadel, the Chicago-based hedge fund, sold its sophisticated fund management system, Omnium, to Northern Trust in 2011 and became a client.

FORBES: Major Hedge Fund Will Run Two Sets Of Books

Remember when the options-pricing pioneer Robert Merton won the award in 1997 a year before his hedge fund Long Term Capital Management imploded and almost took down the world financial system?

FORBES: Alvin Roth Receives Economics Nobel For Flawed Residency Match System

Many fund-management firms and stockbrokers in Britain are jumping to defend the present system.

ECONOMIST: Soft commissions in Britain