English to Romanian Other Economics

When fund managers stray from their investment guidelines ang guess wrong, investors are predictably outraged.
Consider the plight of the Magellan Fund, flagship of the Fidelity mutual-fund group. Most of Magellan's investors thought it was an equity fund. But last year it turned out that the fund's star manager, Jeffrey Vinik, had invested heavily in bonds andcash, thereby depressing returns in a booming stockmarket.