阳光私募基金

2008年度，中国发行设立的阳光私募基金有800多只。

In 2008 , over 800 Private Funds were issued .

进一步的，利用契约理论和获得的相应结论，为我国阳光私募基金激励机制的优化提供参考建议。

Further , by using the theory of contract and several relative conclusions , this paper will give some recommendations of incentive mechanism optimization of our Sunny Private Placement Funds .

2004年2月中国第一只阳光私募基金&赤子之心中国集合资金信托成立后，我国私募基金开始走上阳光化之路，同时也步入了快速发展的轨道。

Since the first Privately offered sun fund & The Trust collection fund in China of pure heart was established , Privately offered fund in China began walk on the sunshine road , at the same time entered a rapid development track .

中国有100家左右通过信托公司（它们本身是受到监管的）设立的阳光私募基金；但还有数目不详的基金经理经营着典型的推荐型业务，他们中的许多人都是金融行业的专业人士。

Roughly 100 or so are sunshine private funds that are created through trust companies ( which themselves are regulated ); but there are also unknown numbers of fund managers , many of whom are finance industry professionals , running a classic two guys in a garage operation .

同时，目前我国阳光私募基金产品主要分为结构化与非结构化两种，这两种私募基金产品正是因收益分配机制设置的不同，形成了两套相异的契约设计。

At the same time , the current products of Sunny Private Placement Funds in our country are mainly divided into " structured " and " unstructured " two kinds , these two kinds due to the difference of income distribution mechanism , form two different sets of contract design .

监管机构正在研究相关措施，解决“阳光”私募基金管理公司的问题。

Regulatory developments are underway to address the " sunshine " private fund managers .