Oct 28, 2002 19:50
21 yrs ago
English term
New Zealand
Double qualification in law (Germany/NZ)
Native in: German 
, English
Works in: English to German, German to English, French to German, and 1 more.
Help with a sentence, please
English to German
Bus/Financial
Investment / Securities
Asset management
From the response to a Request for Proposal:
3.8 What proportion of your institutionally managed volume relates to mandates out of your own Group (in % of total)?
We do not manage any institutional mandates out of our own group. ***All the assets we manage are external.***
What am I missing? I would have thought that mandates consist of assets, so how can it be that the investment company doesn't manage any mandates outside their Konzernverbund, but all their assets are external? Or is it that all their assets are third-party assets and they are trying to make the point: We don't manage our own investments as part of our managed funds/portfolios?
Please only answers from people with relevant experience - TIA!
3.8 What proportion of your institutionally managed volume relates to mandates out of your own Group (in % of total)?
We do not manage any institutional mandates out of our own group. ***All the assets we manage are external.***
What am I missing? I would have thought that mandates consist of assets, so how can it be that the investment company doesn't manage any mandates outside their Konzernverbund, but all their assets are external? Or is it that all their assets are third-party assets and they are trying to make the point: We don't manage our own investments as part of our managed funds/portfolios?
Please only answers from people with relevant experience - TIA!
Proposed translations
(German)
| 4 +2 | My interpretation... |
Ralf Lemster
|
| 5 | Aus/ von : von ausserhalb |
Chris Rowson (X)
|
Proposed translations
+2
7 mins
Ralf Lemster
Germany
Germany
Native in German
Specializes in field
Germany
The language of financial markets
Native in: German
Works in: English to German, German, German to English, and 1 more.
Related KudoZ points
:
1620
Selected
My interpretation...
What they're trying to say here is that all of the assets under management belong to persons or entities *outside* the Group - the wording is, er, somewhat misleading.
I'd put it this way:
"Die von uns verwalteten Vermögenswerte stammen ausschließlich von externen Auftraggebern."
I'd put it this way:
"Die von uns verwalteten Vermögenswerte stammen ausschließlich von externen Auftraggebern."
4 KudoZ points awarded for this answer.
Comment: "Super! Dank auch an Chris."
5 hrs
Aus/ von : von ausserhalb
Strangely, I don´t find it at all unclear or confusing. The key is that the mandates are not assets in the sense of managed assets, they are investments in the funds managed, thus the input money. This is then invested in the managed assets.
In this case, none of the input money comes from the Konzernverbund, but for other cases some or all of it will. This doesn´t essentially make a difference to what they do - the money available is then invested, dis-invested, re-invested. The assets thus managed are here referred to as external because they essentially belong to persons outside the group, because that is where the money came from.
As I write, I finally grasp why it is confusing: "out of our own group" is "aus unserem Konzern" or "von unserem Konzern", but "All the assets we manage are external" is "... von ausserhalb unserem Konzern".
The "out of our own group" is possibly an Americanism, but in this context it is so normal I don´t notice it any more. Maybe the BE would be "from within"!
In this case, none of the input money comes from the Konzernverbund, but for other cases some or all of it will. This doesn´t essentially make a difference to what they do - the money available is then invested, dis-invested, re-invested. The assets thus managed are here referred to as external because they essentially belong to persons outside the group, because that is where the money came from.
As I write, I finally grasp why it is confusing: "out of our own group" is "aus unserem Konzern" or "von unserem Konzern", but "All the assets we manage are external" is "... von ausserhalb unserem Konzern".
The "out of our own group" is possibly an Americanism, but in this context it is so normal I don´t notice it any more. Maybe the BE would be "from within"!
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