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manager and administrator of a unit trust

German translation: Manager & Verwalter eines Investmentfonds

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:manager & administrator of unit trust
German translation:Manager & Verwalter eines Investmentfonds
Entered by: Michaela Sommer

07:01 Apr 27, 2001
English to German translations [PRO]
Bus/Financial - Investment / Securities
English term or phrase: manager and administrator of a unit trust
What is the difference between manager and administrator in a unit trust? Context: In the Notes to Financial Statements of a unit trust, the manager is defined as follows:

"The Trust has entered into a management agreement with xxx (the "Manager"). Under this agreement the Manager is entitled to fees."

Further down, under "Fees and Expenses", there are three kinds of fees: 1. management fees, ie. "The Manager is entitled to a fee of 0.70% ... of the average net asset value ...on the following subfunds...), 2. administration fees, ie. "The Administrator shall be entitled to a fee paid out of the assets of the applicable subfund", 3. trustee fees, ie. "The Trustee shall be entitled to fees payable out of the assets of each subfund based on the average net asset value of each subfund...".

There is no definition for the Administrator, but if I translate "administrator" with "Verwalter", what do I call the "Manager"? Can I use the term "Konsortialführer" in this context?
Michaela Sommer
Local time: 17:39
Manager und Verwalter eines Investmentfonds
Explanation:
How about leaving Manager in German since they are called Fondsmanager anyway and translating Administrator as Verwalter?
I'm afraid I'm not sure what the administrator does. Any more details concerning his/its role?
Selected response from:

Judith Schmid
France
Local time: 17:39
Grading comment
Many thanks for your help!
4 KudoZ points were awarded for this answer



Summary of answers provided
naManager und Verwalter eines Investmentfonds
Judith Schmid
naManager und Administrator eines Investmentfonds ... or
Uschi (Ursula) Walke


  

Answers


58 mins
Manager und Verwalter eines Investmentfonds


Explanation:
How about leaving Manager in German since they are called Fondsmanager anyway and translating Administrator as Verwalter?
I'm afraid I'm not sure what the administrator does. Any more details concerning his/its role?


    experience
Judith Schmid
France
Local time: 17:39
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 26
Grading comment
Many thanks for your help!
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9 hrs
Manager und Administrator eines Investmentfonds ... or


Explanation:
or
Geschäftsleiter und Verwalter einer Investmentgesellschaft.

It depends on your style.

I would prefer the first option. The three words in question are all German now.

HTH :-)


    Deutscher Duden, Band 1
Uschi (Ursula) Walke
Local time: 01:39
Native speaker of: Native in GermanGerman
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