商务英语翻译课后练习(二)

集美大学外国语学院翻译理论与实践（2）
商务英语翻译练习（二）
段落翻译练习：
Bill Gross' Departure from Pimco
Bill Gross, the unconventional but wildly successful money manager who helped build Pacific Investment Management Co. into a financial juggernaut, shook up the staid bond industry Friday by jumping ship to a rival firm.
A yoga-practicing billionaire who doesn't own a cellphone, the 70-year-old Gross — known as the bond king — left the Newport Beach company amid clashes with other executives and declining returns.
The turmoil includes a federal investigation, the earlier departure of Pimco's high-profile chief executive and an outflow of billions of dollars from the firm's signature bond fund — the largest of its kind and a staple in Americans' 401(k) retirement plans.
"In the asset management world, accumulating negative headlines and controversy is not good for business," said Russel Kinnel, director of manager research at fund tracking firm Morningstar Inc.
Gross joined Janus Capital Group Inc., where he will manage a recently launched global bond fund, Janus said Friday. He'll be based out of a new company office in Newport Beach
The fund he'll be managing, the Global Unconstrained Bond Fund, is tiny compared with the one he's leaving. It has just $12.9 million in assets compared with the $221 billion in Pimco's Total Return Fund.
"He is probably one of a very small number of active mutual fund managers whose name people know," said Todd Rosenbluth, director of mutual fund research at S&P Capital IQ. "Gross will be a positive for Janus. It makes them a much more relevant fixed income manager."
He took an unlikely path to the elite ranks of finance, honing his knack for numbers at Las Vegas blackjack tables after earning a psychology degree from Duke University. Gross spent 16 hours a day counting cards, turning $200 into $10,000 and getting kicked out of several casinos.
After joining the Navy and serving in Vietnam, Gross enrolled in UCLA's business school. He co-founded Pimco in 1971 and built the company into such a powerhouse that critics worried it controlled too much of the bond market.
In 2010, Morningstar named him bond fund manager of the decade, noting that "no other fund manager made more money for people than Bill Gross." Investors in the Total Return Fund range from holders of small 401(k) retirement accounts to the world's biggest institutional investors.
Gross was once mentioned as a possible replacement for Lawrence H. Summers as President Obama's top economic advisor. He became a frequent television commentator, making him an unlikely celebrity from the world of fixed income securities.。