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Performance sektoransvar

English translation: (The) sectorial performance responsibility

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Swedish term or phrase:Performance sektoransvar
English translation:(The) sectorial performance responsibility
Entered by: Sven Petersson
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16:22 Jan 19, 2002
Swedish to English translations [PRO]
Bus/Financial / Mutual fund bonus committments
Swedish term or phrase: Performance sektoransvar
In a document "Bonusutfästelse" outlining how bonuses will be awarded to mutual fund managers:

"Performance sektoransvar mäts på nivån omedelbart över eget ansvarsområde. Mätning görs normalt i Livportföljen resp. Trygghetsfonden."

The literal translation is:
"The performance sector responsibility is measured at the level immediately above the area of responsibility."

But what does this mean?
David Rumsey
Canada
Local time: 23:09
(The) sectorial performance responsibility
Explanation:
It means that if you are responsible for European securities in “Livportföljen”, Bill for American and John for Asian and you show a healthy profit on the European securities, but Bill and John between themselves make a loss that’s large than your profit, then you will get no bonus!
Selected response from:

Sven Petersson
Sweden
Local time: 08:09
Grading comment
4 KudoZ points were awarded for this answer

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Summary of answers provided
5 +2(The) sectorial performance responsibility
Sven Petersson


  

Answers


17 mins   confidence: Answerer confidence 5/5 peer agreement (net): +2
(The) sectorial performance responsibility


Explanation:
It means that if you are responsible for European securities in “Livportföljen”, Bill for American and John for Asian and you show a healthy profit on the European securities, but Bill and John between themselves make a loss that’s large than your profit, then you will get no bonus!


    My geriatric brain.
Sven Petersson
Sweden
Local time: 08:09
Native speaker of: Native in SwedishSwedish, Native in EnglishEnglish
PRO pts in pair: 8077

Peer comments on this answer (and responses from the answerer)
agree  Greta Holmer
18 mins
  -> Tack så mycket!

agree  Peter Johansson: A finely tuned geriatric brain if I may say so.
31 mins
  -> Tackar ödmjukast!
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