The pension funds are administered by commercial banks.

养老基金由商业银行经管。

The state's five pension funds are looking pasty.

该州的五种养老金基金似乎也苍白乏力。

Illinois's pension funds were skimpy even before the crisis.

伊利诺伊州的养老金基金在这次危机前本就不足。

But some are uneasy that the Banks and pension funds would hold a combined 60%.

但是现在一些投资者感到不安，银行们和养老金基金一共持有60%的股份。

The fund is to be collected from Banks, insurers, brokerages and pension funds.

该基金的资金主要来自银行、保险商、经纪机构和退休基金。

Most of Peru's 32-year bonds were reportedly picked up by local pension funds.

据称，大部分秘鲁的32年期债券是由养老金基金会买下的。

The pension funds themselves are being given greater freedom to buy foreign shares.

而这一养老金本身的给予就使得在购买国外股票方面会有更大的自由。

Public pension funds have also joined together to lobby against a reduction in the SEC's power.

公共抚恤基金也加入到了削减SEC权利的游说中。

Pension funds have a duty to guarantee their members' retirement benefits, after all, not cut carbon.

毕竟养老金是用来保障公民退休后的利益，没有义务用来减少碳的用量。

"The contracts are the starting point for students' pension funds and insurance guarantees," Zheng said.

郑岩说：“这些合同是保障学生们享有养老金和保险的起始点。”

Perhaps back then it made sense for some investors, such as pension funds, to be obliged to buy top-rated bonds.

也许当初对于某些投资者，譬如抚恤基金投资者等，一定得购买最佳债券才是有意义的。

Pension funds could decide to make a geared bet on equities by borrowing money and investing in the S&P 500 index.

退休基金可以通过在标普500指数上交易来对赌股本。

That means the industry will become more focused on institutional investors like pension funds and endowments.

这意味着基金行业会将重点放在诸如抚恤基金和捐赠基金这样的机构投资者身上。

But the result was that institutions, such as insurance companies and pension funds, could move money across borders.

但是结果是那些机构，例如保险公司及退休基金那个将钱转向国外。

Most venture funds have some institutional investors (pension funds, university endowments, family offices) as LP's.

因为多数风险基金都有一些机构投资者(养老金基金、大学捐赠基金以及“家族理财室”)作为有限合伙人加入。

Market participants said the selling pressure came from long-term investors, such as pension funds, banks and insurers.

市场人士说，抛售压力来自长线投资者，比如退休基金、银行和保险公司。

Part of the reason is that pension funds have changed their behaviour, to seek out assets that match their liabilities.

部分原因在于退休基金改变了他们选择资产的行为。

You managed Harvard's endowment during a turbulent time, and you advise several other endowments and state pension funds.

您曾在一个暗流涌动的时期掌管哈佛捐赠基金，也曾给诸多捐赠基金及国家养老金提供咨询。

Peter Harrison, chief executive of MPC, a fund manager, says that American pension funds have analysed their liabilities.

基金经理，MPC的首席主管Peter Harrison说道美国的养老金基金已经研究了他们的债务。

States have more leeway, but many will have to pump more money into their pension funds to offset losses on the market.

各州的自由度更大一些，但许多州都不得不为养老金注入更多的资金以弥补其在市场上的损失。

He says failure to act quickly could cause the failure of more Banks, a drop in the stock market and losses in pension funds.

他说，如果不立即采取行动，就会有更多的银行倒闭，股市会进一步下跌，很多人失去退休金。

One of the things they need to be doing with some of this cash is shoring up their pension funds that are currently under-funded.

它们手里拿着现金，需要做的一件事是将不足的养老金缴够。

In the 1990s, many pension funds made far too big a bet on equities, a gamble that went disastrously wrong in the 2000-02 bear market.

在上个世纪90年代，很多的养老金基金在股票上下的赌注太大，简直就是一场豪赌，在2000 - 02年的熊市中他们则损失惨重。

The second study** looks at traditional fund managers, those who run mutual funds and stockmarket portfolios on behalf of pension funds.

第二项研究对代表退休基金运作共同基金和证券组合的传统基金经理进行了探究。

By the time the second fund was established, more cautious investors, such as pension funds and Banks, were prepared to put money into it.

到第二只基金设立的时候，许多诸如养老金基金以及银行之类的谨慎的投资者也准备投入资金。

As a result, global pension funds, insurers, and Banks are dumping Spanish and Italian bonds, threatening to drive rates to ruinous levels.

因此，全球养老金基金、保险公司和银行纷纷抛售西班牙和意大利国债，使其国债收益率一路飙升，直指灾难性的高位。

Now, we've got a mechanism at the federal level that provides a certain percentage backup or guarantee for these pension funds if they fail.

现在，我们建立了一个联邦机制，为这些资金不足的养老金提供一部分比例的备份和担保。