afdeling

12:38 Apr 21, 2015
This question was closed without grading. Reason: No acceptable answer

Danish to English translations [PRO]
Bus/Financial - Finance (general) / Fund management report
Danish term or phrase: afdeling
I am translating an annual fund management report. Trying to avoid overuse of the word 'fund'.
Translating 'afdeling' as fund here appears to fit but if 'kapitalforening' is a 'capital fund' this will be confusing.

Example of context:
'Foreningen ændrede pr. 22. maj 2014 status til en
alternativ investeringsfond (kapitalforening) under lov om
forvaltere af alternative investeringsfonde m.v.
Foreningen havde pr. 31. december 2014 én afdeling:'

Is 'fund' is correct for 'afdeling' here? If so, is 'capital fund' correct for 'kapitalforening'?
Susan P Best
United Kingdom
Local time: 01:24


Summary of answers provided
4compartment
Anton Konashenok
3fund class; fund classification; division
TechLawDC
1sector
Norskpro
Summary of reference entries provided
fund of funds division
andres-larsen

Discussion entries: 8





  

Answers


43 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
compartment


Explanation:
This is how they are officially called by Finanstilsynet - compare e.g. the two documents below.

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Note added at 43 mins (2015-04-21 13:22:07 GMT)
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Oops, sorry, the second link is http://www.finanstilsynet.dk/da/Indberetning/Soeg-tilladelse...


    Reference: http://www.finanstilsynet.dk/en/Indberetning/Soeg-tilladelse...
    Reference: http://www.finanstilsynet.dk/en/Indberetning/Soeg-tilladelse...
Anton Konashenok
Czech Republic
Local time: 02:24
Works in field
Native speaker of: Native in RussianRussian, Native in EnglishEnglish

Peer comments on this answer (and responses from the answerer)
neutral  TechLawDC: "Compartment" is ingenious, but I have never seen it used in mutual fund industry literature.
28 mins
  -> It's a specifically Danish and Luxembourgish thing.
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1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
fund class; fund classification; division


Explanation:
(As seen, different fund classes within the forening (the fund company) have different benchmarks (return targets).)
Many examples could be found on Google.

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Note added at 1 hr (2015-04-21 13:46:58 GMT)
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(I had not seen Larsen's reference entry when I independently arrived at "division" as a familiar term in this context.)

TechLawDC
United States
Local time: 20:24
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 8
Notes to answerer
Asker: Thank you, Chris S, for your answer. You confirm the conclusion that I have come to. So far I have used 'fund company' and 'fund' for 'kapitalforening' and 'afdeling' and it works in each context. I came across 'Association' and 'compartment' suggested elsewhere her but I cannot help feeling they are poor or literal translations of the Danish?

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1 hr   confidence: Answerer confidence 1/5Answerer confidence 1/5
sector


Explanation:



    Reference: http://www.sydinvest.dk/afdelinger.aspx
Norskpro
Norway
Local time: 02:24
Works in field
Native speaker of: Native in NorwegianNorwegian
PRO pts in category: 3
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Reference comments


1 hr
Reference: fund of funds division

Reference information:
Fund of funds - Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Fund_of_funds
A "fund of funds" (FOF) is an investment strategy of holding a portfolio of other investment funds rather than investing directly in stocks, bonds or other securities. This type of investing is often referred to as multi-manager investment. A fund of funds may be "fettered", meaning that it invests only in funds managed by the same investment company, or "unfettered", meaning that it can invest in external funds.

There are different types of "fund of funds", each investing in a different type of collective investment scheme (typically one type per FoF), for example "mutual fund" FoF, hedge fund FoF, private equity FoF, or investment trust FoF. The FoF, where the fund invests in funds managed by its own company are called fettered. The unfettered FoF allows manager to invest in funds run by other managers.


FORMUEPLEJE MERKUR A/S - Worldwide Company Profile
listofcompanies.co.in/ca/formuepleje-merkur-as/
FORMUEPLEJE MERKUR A/S Previous company name Name change date Company ... ***Formuepleje Merkur A/S is a division of Formuepleje A/S, an investor*** ...

FORMUEPLEJE MERKUR A/S - Worldwide Company Profile
listofcompanies.co.in/ca/formuepleje-merkur-as/
Formuepleje Merkur A/S is a Danish-based investment fund. The company's investment portfolio consists of the other Formuepleje funds and has an ... An active firm, Formuepleje Merkur A/S has registered corporate office at Aarhus, Denmark. ....

Fund Info FPKMER, Formuepleje Merkur KL, (DK0060498426)
www.nasdaqomxnordic.com/Funds/FundInfo?Instrument=CSE95677
INVESTERINGSPROFIL
Afdeling Formuepleje Merkur er en ***funds of funds afdeling***, som primært investerer sin formue i andre investeringsforeninger, hedgeforeninger, hedgefonde, alternative investeringsfonde, investeringsselskaber, strukturerede produkter og andre kollektive investeringsordninger og -institutter. ***Afdelingen investerer således i flere aktivklasser og strategier*** ud fra målsætningen om, at forholdet mellem forventet afkast og risiko søges optimeret for den samlede portefølje. Strategien sigter på, at afkast/risiko-profilen er anderledes end for traditionelle investeringsforeningsafdelinger, der investerer i obligationer og aktier. Afdelingen kan dog investere sin formue direkte i obligationer og aktier, herunder tilsvarende finansielle instrumenter, der afregnes kontant. og er omfattet af lov om finansiel virksomhed bilag 5. Over 5 år er målet et afkast målt på indre værdi på 50 procent. I øvrigt henvises til Væsentlig Investorinformation.

Formuepleje Merkur - Investering i de øvrige ...
www.formuepleje-merkur.dk/
Formuepleje Merkur er opkaldt efter handelsguden Merkur og investerer både kortsigtet og langsigtet i de øvrige Formuepleje-selskaber.

andres-larsen
Venezuela
Native speaker of: Native in EnglishEnglish
PRO pts in category: 73

Peer comments on this reference comment (and responses from the reference poster)
neutral  TechLawDC: A "fund of funds" is a mutual fund the holdings of which are principally other mutual funds. That is not the context here.
8 mins
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