Glossary entry

English term or phrase:

real money managers

English answer:

long-term asset managers

Added to glossary by Laura Vinti
Nov 14, 2004 08:49
19 yrs ago
9 viewers *
English term

real money managers

English Bus/Financial Finance (general) Financial markets
Bonds remain extremely polarized : speculators are long duration and ***real money managers*** short.

How would you say it in other words? Or in Ialian (or GE / FR / SP)?

Thanks!

Responses

1 min
Selected

long-term asset managers

...as opposed to speculative investors (whose horizon is typically short-term).

HTH, Ralf

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Note added at 6 hrs 9 mins (2004-11-14 14:59:06 GMT)
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Re Michel\'s comment:
The concept of \'long duration\' refers to positions that will benefit from a rising market (i.e. from falling yields), but it doesn\'t specify the maturity range of such a long position. A portfolio with a duration of 1.5 years is a \'long duration\' position, even though 1.5 years is a short-term maturity range.
You shouldn\'t confuse the concepts of \'long/short positions\', \'long/short duration positions\' and \'long-term/short-term\'.
Peer comment(s):

neutral Michel A. : isn't it the opposite: "speculators are long duration" & "real money managers short" ?
6 hrs
The text refers to "long duration" vs "short duration" positions - not long-term vs. short-term
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4 KudoZ points awarded for this answer. Comment: "Thank you very much!!"
-1
6 hrs

(corporate) cash managers

who can't speculate on the long run
Peer comment(s):

disagree Ralf Lemster : Two problems: (1) Speculation "on the long run" is an oxymoron. (2) Why would corporate **cash managers** be trading bonds in the first place, and particularly with a short duration position?
6 mins
1) you can speculate on both long or short term then there's no oxymoron here 2) this is what's written on the tin ;-) dunno why, but it is.
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