Glossary entry

German term or phrase:

Geldsammelstelle

English translation:

monetary funds, private equity funds

Added to glossary by Michael Rose
Nov 10, 2005 13:03
18 yrs ago
German term

Geldsammelstelle

German to English Bus/Financial Real Estate Effects of globalisation
From a speech on the effects of globalisation on the real estate valuation business.
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Der Shareholder Value wird zur alles bestimmenden fast möchte ich sagen „Glaubensfrage“. Vor etwa 2 Jahrzehnten hat ein bekannter Politiker die Feststellung getroffen. Zitat „ Am Beginn des nächsten Jahrtausend werden einige wenige ***Geldsammelstellen*** die Wirtschaft diktieren“. Das ist letzlich auch eingetreten und wirkt auf viele Menschen sehr beunruhigend.
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I'm proofreading a translation, the original translator has used "money collection centres", which sounds rather too literal to me. Does anyone have a better idea?

TIA, Stephen

Proposed translations

22 mins
Selected

hedge funds / funds that collect money

Obviously he's talking about the "grasshoppers" made famous by former SPD party leader Müntefering.
If you don't want to outright use hedge fund you'll have to make up an expression, like the speaker did.



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Note added at 26 mins (2005-11-10 13:30:16 GMT)
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or simply "funds"

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Note added at 33 mins (2005-11-10 13:36:28 GMT)
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I meant locusts, Heuschrecken
Note from asker:
Prompted by your suggestion, it just occured to me; how about "monetary funds"? Lots of usage of this term with respect to the world bank, IMF etc.
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thanks for all the ideas. I went with "monetary funds" in the end, prompted by this answer."
13 mins

companies which attract money

This is more a guess than knowledge - I am not quite sure that I interpret the term correctly (the content is insufficient to be sure).
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1 hr

sources of capital

???
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1 hr

money pools

I think Geldsammelstellen is used here quite loosely
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