Glossary entry (derived from question below)
Dutch term or phrase:
uitmanagen
English translation:
manage while being wound down; manage out
Dutch term
uitmanagen
"De niet-strategische fondsen, die zijn aangemerkt voor afbouw binnen het zogeheten "Exit Plan” (zie bijlage 4) worden adequaat uitgemanaged en zo mogelijk vroegtijdig afgebouwd. Deze beleggingen worden buiten beschouwing gelaten in de toetsingskaders, zoals bandbreedtes, bij de beoordeling van de portefeuilletechnische geschiktheid van nieuwe investeringen."
Anyone have anything clever for this?
Also not entirely sure what the best translation of "afbouwen" here, but I was thinking of sth along the lines of "winding down" and/or "phasing out":
De niet-strategische fondsen, die zijn aangemerkt voor afbouw =
Non-strategic funds, which have been identified for winding down
5 +1 | manage while being wound down | Richard Purdom |
4 +1 | manage out | philgoddard |
Non-PRO (1): freekfluweel
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Proposed translations
manage while being wound down
http://www.haygroup.com/downloads/nl/hay_pp_winter_2010.pdf
‘Participatiemaatschappijen houden nooit direct op te bestaan omdat ze hun portfolio nog een aantal jaar moeten uitmanagen. Maar een aantal partijen zal het moeilijk krijgen om een volgend fonds op te halen. Ons lukt dat, maar wie dat niet lukt, verdwijnt uiteindelijk
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Note added at 13 hrs (2016-04-04 10:00:15 GMT)
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Soory, that should NOT be confidence level 5, more like 2 or 3!
agree |
Kitty Brussaard
: Paraphrasing it like this also seems fine to me.
10 hrs
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thank you Kitty!
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manage out
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Note added at 18 hrs (2016-04-04 14:57:22 GMT)
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Jason is also a Managing Director at XX Ventures, where he is responsible for managing out the fund’s remaining investments.
https://about.me/jasonhenrichs
One Fund III LP said they prefer to not have to decide whether to sell their interest in the fund or to roll over into a new vehicle. Rather, they want xx to manage out the fund “and try to create value for themselves and for LPs.”
https://www.pehub.com/2015/08/buyouts-snapshot-secondaries-p...
[Manage out] is a euphemism for getting rid of an employee.
In times gone past if your bank had you as a ‘manage out’ case it meant that you had become a ‘problem’ – they expected to lose money as a result of you defaulting and they would naturally want you to bank somewhere else before that happened.
http://www.quora.com/What-does-it-mean-to-manage-out-an-employee
http://www.cornmillassociates.co.uk/what-is-%E2%80%98managing-out%E2%80%99/
neutral |
Richard Purdom
: There are loads of expressions in Dutch derived from English ('webshop' and Quickscan' for a start) which do not exist in English. The context in your references is different, and literally means 'easing people out' or 'levering people out', not things.
9 hrs
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If you read my references, or Google it yourself, you'll see that this is a common expression. My second reference is to companies, not people, but I've added some more referring specifically to funds.
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agree |
Kitty Brussaard
17 hrs
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Discussion
"earmarked" is probably better than "identified"
"will be" = better than "are"
:-)
Not entirely sure about the last part yet ... although I suspect it's fine.
The non-strategic funds, which have been earmarked for gradual disposal as part of the Exit Plan (see Appendix 20), will be properly managed during the disposal process which wherever possible will be brought forward.
uitmanagen +
afbouwen
They are used next to each other a few times, but are they basically synonyms? That is, does "uitmanagen" entail "afbouwen"?
Wonder if this is correct:
De niet-strategische fondsen, die zijn aangemerkt voor afbouw binnen het zogeheten "Exit Plan” (zie bijlage 20) worden adequaat uitgemanaged en zo mogelijk vroegtijdig afgebouwd.
=
The non-strategic funds, which have been identified for running down within the so-called ‘Exit Plan’ (see Appendix 20) are adequately disposed of gradually and, if possible, early.
ho ho ho, or:
are gradually disposed of adequately and, if possible, early
PS: you've gotta be kidding. "Non-PRO"!? If this is a Non-PRO question, well, then I'm a turtle.
I suppose "uitmanagen" could be translated as "manage the gradual disposal of and investment/fund"
!
This rule is particularly useful for private equity funds that gradually dispose of an investment instead of through a block sale.
(http://www.thisismoney.co.uk/money/pensions/article-3019954/... )
"The affect of the 15% distribution proposal (as acknowledged in the discussion paper) is to run down a fund which doesn't continue to receive capital contributions. This destroys the very reason many have established such funds."
(http://www.treasury.gov.au/~/media/Treasury/Consultations an... )
to phase out, to wind down
reduce [exposure]
reduce [a deficit]
phase out [benefit scheme]
scale down [production]
dismantle [exchange controls]
wind down [government involvement]
wind down [operations]
downsize [product mix]
downsize [personnel]
cut back [surplus capacity]
phase out [tax allowances]
lower/run down [positions on currency market]
run down [a stake in a company]
sell off [an interest]
See:
"On 13 November, the Chancellor announced that UK Asset Resolution (UKAR) had sold £13 billion of former Northern Rock mortgages to Cerberus.35 In line with its ongoing strategy to accelerate the run-down of its balance sheet and reduce PSND, UKAR will look to make further asset sales over the course of the Parliament, which are currently expected to total £7.5 billion, subject to market conditions and ensuring value for money."
+
"run down":
1. to reduce a quantity gradually
Example: We decided to run down stocks or to let stocks run down at the end of the financial year.
2. to slow down the business activities of a company before it is going to be closed
Example: The company is being run down.
http://www.investorwords.com/10960/run_down.html
@Richard: I was also thinking of sort of avoiding having to use it. That is, once I have decided on a good translation of "afbouwen" in this context, I was wondering if sth like this might also work:
De niet-strategische fondsen, die zijn aangemerkt voor afbouw binnen het zogeheten "Exit Plan” (zie bijlage 20) worden adequaat uitgemanaged en zo mogelijk vroegtijdig afgebouwd.
=
The non-strategic funds, which have been identified for winding down within the so-called ‘Exit Plan’ (see Appendix 20) will be adequately phased out as soon as possible.
~
Incidentally, I just found two more instances of the term in my text:
"Alle niet-core investeringen met een geplande afloop (‘end of term’) voor 2016, die uitgemanaged zullen worden."
"Feitelijk resteert binnen de huidige portefeuille slechts één beleggingen welke als strategisch beschouwd wordt, en dus niet zal worden afgebouwd, uitgemanaged of verkocht, te weten: ..."
aangemerkt = earmarked
As a guess, 'uitgemanaged' = 'will be properly managed for the remainder of their existence' like 'uitgeput' or similar could be used
good luck with 'bandbreedtes' and 'toestingskaders', that whole thing looks like somebody's idea of a jargon-cramming joke