Asset Management
Asset 资产
How the super-rich invest
The family offices through which the world’s richest invest are a new force in global finance—and a target for populists
new force 新生力量
populists 民粹主义者
Think of the upper echelons of the money-management business, and the image that springs to mind is of fusty private banks in Geneva or London’s Mayfair, with marble lobbies and fake country-house meeting-rooms designed to make their super-rich clients feel at home. But that picture is out of date. A more accurate one would feature hundreds of glassy private offices in California and Singapore that invest in Canadian bonds, European property and Chinese startups—and whose gilded patrons are sleepwalking into a political storm.
upper echelons 高层 echelons 等级 阶级
money-management 理财
the image that springs to mind is.... 脑海中浮现这样的...
fusty 陈旧的 发霉的
Clients 顾客
marble lobbies 大理石大堂
Marble 大理石
Lobbies（lobby） 门厅
Fake 假的 伪造
country-house 乡间房屋
meeting-rooms 会议室
out of date 过时的
accurate 精确的
glassy 玻璃的
feature v. 以...特征的，是...特征的
Canadian bonds 加拿大债券 bonds 镣铐，监禁
startups 创业公司
gilded 镀金的 有钱的
patron 赞助人 资助人
sleepwalking 梦游
Global finance is being transformed as随着 billionaires get richer and cut out the middlemen by creating their own “family offices”, personal investment firms that roam global markets looking for opportunities. Largely unnoticed, family offices have become a force in investing, with up to $4trn of assets—more than hedge funds and equivalent to 6% of the value of the world’s stockmarkets. As they grow even bigger in an era of populism, family offices are destined to face uncomfortable questions about how they concentrate power and feed inequality.
cut out 切断
roam 漫游
up to 多达...
Stockmarket 股市
equivalent to 等于 相当于 equivalent 相等的 等效的
hedge funds 对冲基金
知识拓展：对冲基金是指在基金在买入基础金融资产时，同时卖出此基础金融资产的衍生金融资产，以减少风险。例如，基金在2元买入A股票10股，同时以2.1元卖出以此股票为标的的3个月期货，那么此基金在三个月内可赚取1元。应该看到对冲基金在规避风险的同时，减少了投资的预期收益率
populism 平民主义
in an era of 在...的一个时代 era 年代 时代 纪元
destined 预定的 命中注定的
inequality 不平等
uncomfortable 不愉快的
原文：https://www.cnblogs.com/darren-pty/p/10362578.html