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07:39 Mar 7, 2001
French to English translations [PRO] Bus/Financial
French term or phrase:délégataire de gestion
This is in a document about investment funds, and one company "est sous dlgataire de gestion pour une SICAV de XXX dont le portefeuille est investi en valeurs nord-amricaines".
Any help gratefully appreciated.
Explanation: I take it as the power has been delegated to the company. Therefore the company is going to act as a proxy on behalf of its (sorry: correction its in palce of is)higher authority. Proxy sounds better.
Harrap's shorter and many translations regarding this field