Mr Lack points out that large institutional investors always like to invest in bigger hedge funds.

Lack还指出大型构资者都喜欢资大型对冲基金。

Credit rating agencies working for the investment banks had told investors that the securities were safe.

为资银行工作的信用评级构告诉资者，这些证券很安全。

The banks are often partners in this process, originating debt and then passing it on to institutional investors.

而银行常充当其中的伙，推动贷款并将资本流向构资者。

The bet is that ETFs will lure retail investors, who are numerous, and institutions, which have big money.

们押注的是，交易所交易基金将吸引数量众多的散户资者和资金雄厚的构资者。

Also from financial institutions and private investors.

也来自金融构和私资者。

They're often referred to as institutional investors.

他们通常被称为构资者。

And these institutional investors, they're managing your money for the long run.

而这些构资者，他们正在长期管理你的资金。

But institutional investors will do little to improve transparency in private markets.

构资者对于提高私市场的透明度几乎无能为力。

Have you seen any evidence that institutional investors are starting to do that?

你有没有看到构资者开始这样做的证据？

Cash levels in institutional investor portfolios near very long-term lows.

构资者资组中的现金水平接近历史最低点。

I was an institutional investor-ranked analyst and really at the top of my game.

我是一位构资者排名的分析师，并且确实处于我的行业的顶端。

The guideline also allows institutional investors from Hong Kong and Macao in local private equity investment funds and venture capital funds.

该指导方针还允许港澳构资者参与资内地私募股权资基金和风险资基金。

Investment Diversifying investments matters as much for individual investors as it does for institutional investors.

分散资对于个资者和构资者同样重要。

OK, so first move is governments, second is the institutional investors.

好的，首先行动的是政府，其次是构资者。

And it's mostly institutions, large investors.

而且主要是构、大型资者。

The changing behaviour of institutional investors may blunt some of the trend's more damaging consequences.

构资者行为的改变也许会减轻这一趋势带来的一些更为严重的后果。

For their part, regulators in Beijing had sent a cold message to investors in America.

北京的监管构向美国资者发出了冷淡的信息。

He kind of spoke the language of financial regulators, of big investors, of lawmakers.

他说的是金融监管构、大资者和立法者的语言。

That is a relief to many institutional investors, such as pension funds, who cannot afford big losses.

这让养老基金等许多无法承受重大损失的构资者松了一口气。

So an initial public offering, basically, private companies sell shares through an investment bank to institutional investors.

因此，首次公开募股，基本上，私营公司通过资银行向构资者出售股票。