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.

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。

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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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Along with finance organizational reform, the enhancement of finance special fund management, and the financial special fund operational effectiveness are paid more and more social attention to.

随着财政体制改革的不断深入，加强财政专项资金管理，提高财政专项资金使用效益，越来越受到社会的广泛关注。

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Known as funds-of-funds, firms such as Financial Risk Management and Synergy Fund Management have received billions of dollars from investors in order to assemble diversified portfolios of underlying hedge funds.

FORBES: The Simple Truth about Hedge Funds

Entrepreneurs or international conglomerateurs, or large financial institutions buy or create mutual fund management companies to create a return on their own capital.

FORBES: Intelligent Investing Briefing Book

Other financial institutions, among them life insurers and fund-management firms, have not started to mend their ways.

ECONOMIST: South Korea