The main decision - making of investor is how to allocate his capital and maximize the investment utility . this thesis makes the research on the capital budgeting process of the privately offered fund investor 私募基金投资人主要的投资决策问题，就是如何根据所观测到的基金管理人的信息做出资金配置的决策，使得投资效用最大化。
Laws of different countries stipulate that fund managers bear fiduciary duty to fund holders to restrict this power , based on which a comparatively more scientific system protecting investors " benefits has been set up 各国法制均规定基金管理人对基金持有人负有信赖义务以限制其权力，并据此构建更为科学的投资者利益保护机制。
The industry itself , through the london - based alternative investment management association , claims it is supervised enough as it is , because hedge - fund managers in britain need to register before they start to trade 对冲基金行业通过在伦敦的另类投资管理协会宣称目前的监管已经足够了，因为英国的对冲基金管理人需要注册才能开展业务。
But the lack of sound relevant laws and regulations , especially the lack of explicit rules regulating the legal status and obligations of the fund manager precludes further developments in china ' s mutual fund industry 但由于我国相关法律、法规不健全，尤其是对基金管理人法律地位和义务缺乏明确的规范，影响了我国投资基金行业的进一步发展。
The fiduciary obligation of securities fund manger is the most important part of the law of securities fund in every country because the duty of manager is the foundation to protect the interests of beneficiary 投资基金管理人义务法律制度是基金投资者权益保障制度的根本所在，故世界各国均将基金管理人义务法律制度作为投资基金立法的重中之重。
Merrill lynch ' s survey of global fund managers , conducted in december , showed that investors were expecting slightly slower growth in gdp and profits this year , but were not worried about either recession or inflation 美林证券在12月份进行的关于全球基金管理人的调查研究表明，投资者们预计今年gdp增长和利润增长稍有放慢，但是并不担心衰退和通货膨胀。
The decision by the financial secretary , as controller of the exchange fund , to purchase , for the account of the exchange fund , permanent accommodation for the hkma has , interestingly , aroused a reaction from a few legislative council members 财政司司长作为外汇基金管理人，决定动用外汇基金买入物业作为金管局的长远办事处，引起了几位立法会议员作出回应。
I give my whole design on the legal system of the obligation of securities fund manager of china based on studying the lack of the law of securities fund of china and modern exercises of formulating law from foreign countries 本文在充分借鉴国外先进立法经验的基础上，针对我国现行立法中的种种不足，提出了构建我国证券投资基金管理人义务法律制度的初步设想。
Issue is a variable amount , the fund share ( units ) may at any time increase or decrease in the total number of investors in accordance with the fund ' s fund managers , shown in the designated place of business purchase or redeem funds 开放式基金是一种发行额可变，基金份额(单位)总数可随时增减，投资者可按基金的报价在基金管理人指定的营业场所申购或赎回的基金。
