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sub-advisor

English translation: entity entrusted with the management of particular portions of the portfolio

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09:08 Jan 21, 2004
English to English translations [PRO]
Bus/Financial / Bond fund
English term or phrase: sub-advisor
In this text, the "sub-advisor" rather than a fund manager seems to have the primary responsibility for the management of the fund. Is it important to keep this distinction or are the titles used interchangeably? There is no good equivalent for "sub-advisor" in Swedish, hence my question.

"The fund will invest primarily in common stocks of companies which are listed on recognised exchanges that the sub-advisor believes are socially responsible and which are located in countries that are included in the MSCI World Index including the U.S."
Johanna Holmberg
Local time: 10:01
English translation:entity entrusted with the management of particular portions of the portfolio
Explanation:
You definitely need to maintain a clear distinction, since the "Advisor" (the entity instructed by the fund) often has the right to appoint one or several "sub-advisors", who might be responsible for the management of a particular part of the portfolio, for example.

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Note added at 2 hrs 12 mins (2004-01-21 11:20:57 GMT)
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Note that there can be other reasons to appoint a sub-advisor.

--------------------------------------------------
Note added at 5 hrs 32 mins (2004-01-21 14:41:03 GMT) Post-grading
--------------------------------------------------

Possible reasons why a sub-advisor is used in this case:

- Regulatory/legal reasons (the sub-advisor might not be licensed to operate in the jurisdiction where the fund is organised).
- Tax reasons (advisor and sub-advisor might be part of the same group, but in different tax systems).

--------------------------------------------------
Note added at 5 hrs 33 mins (2004-01-21 14:41:52 GMT) Post-grading
--------------------------------------------------

Possible reasons why a sub-advisor is used in this case:

- Regulatory/legal reasons (the sub-advisor might not be licensed to operate in the jurisdiction where the fund is organised).
- Tax reasons (advisor and sub-advisor might be part of the same group, but in different tax systems).

--------------------------------------------------
Note added at 5 hrs 36 mins (2004-01-21 14:44:28 GMT) Post-grading
--------------------------------------------------

Possible reasons why a sub-advisor is used in this case:

- Regulatory/legal reasons (the sub-advisor might not be licensed to operate in the jurisdiction where the fund is organised).
- Tax reasons (advisor and sub-advisor might be part of the same group, but in different tax systems).

--------------------------------------------------
Note added at 5 hrs 36 mins (2004-01-21 14:44:51 GMT) Post-grading
--------------------------------------------------

Sorry for the repetition... the site was down for a moment...
Selected response from:

Ralf Lemster
Germany
Local time: 10:01
Grading comment
Thanks, Ralf! In this case, the sub-advisor seems to have responsibility for the entire fund portfolio, but perhaps he does not have the final say as to what investments should be made.
4 KudoZ points were awarded for this answer

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Summary of answers provided
5entity entrusted with the management of particular portions of the portfolio
Ralf Lemster


  

Answers


2 hrs   confidence: Answerer confidence 5/5
entity entrusted with the management of particular portions of the portfolio


Explanation:
You definitely need to maintain a clear distinction, since the "Advisor" (the entity instructed by the fund) often has the right to appoint one or several "sub-advisors", who might be responsible for the management of a particular part of the portfolio, for example.

--------------------------------------------------
Note added at 2 hrs 12 mins (2004-01-21 11:20:57 GMT)
--------------------------------------------------

Note that there can be other reasons to appoint a sub-advisor.

--------------------------------------------------
Note added at 5 hrs 32 mins (2004-01-21 14:41:03 GMT) Post-grading
--------------------------------------------------

Possible reasons why a sub-advisor is used in this case:

- Regulatory/legal reasons (the sub-advisor might not be licensed to operate in the jurisdiction where the fund is organised).
- Tax reasons (advisor and sub-advisor might be part of the same group, but in different tax systems).

--------------------------------------------------
Note added at 5 hrs 33 mins (2004-01-21 14:41:52 GMT) Post-grading
--------------------------------------------------

Possible reasons why a sub-advisor is used in this case:

- Regulatory/legal reasons (the sub-advisor might not be licensed to operate in the jurisdiction where the fund is organised).
- Tax reasons (advisor and sub-advisor might be part of the same group, but in different tax systems).

--------------------------------------------------
Note added at 5 hrs 36 mins (2004-01-21 14:44:28 GMT) Post-grading
--------------------------------------------------

Possible reasons why a sub-advisor is used in this case:

- Regulatory/legal reasons (the sub-advisor might not be licensed to operate in the jurisdiction where the fund is organised).
- Tax reasons (advisor and sub-advisor might be part of the same group, but in different tax systems).

--------------------------------------------------
Note added at 5 hrs 36 mins (2004-01-21 14:44:51 GMT) Post-grading
--------------------------------------------------

Sorry for the repetition... the site was down for a moment...

Ralf Lemster
Germany
Local time: 10:01
Native speaker of: German
PRO pts in pair: 377
Grading comment
Thanks, Ralf! In this case, the sub-advisor seems to have responsibility for the entire fund portfolio, but perhaps he does not have the final say as to what investments should be made.
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