Analysis on Informational Structure and the Mis-conduct of Fund Manager;

Research of Fund Manager s Loyalty Duty;

At present,such measures should be taken as reinforcing the obligation of credit reception of the fund manager for the fund holders,strengthening supervision and regulation of fund managers,perfecting information disclosure system of securities inves.

So securities companies,funds managers and investors are facing a new significant challenges.

Encouraging systems should be adopted in the land reserve investment trust supervising in China to the subjects such as funds trust and funds manager,etc.

Private equity fund managers as a result of an agreement on control of all of the terms of the fund capital, operating funds on direct control of the risks, and on the other hand, fund investors are not the direct management of its investment funds, only through private fund managers hold the civil liability to protect their interests.

By the means of formal and informal institutional development, the NSFC s regional liaison network has played an important and unique role in the fund management.

To eliminate the intangible liability of organizations to pension premiums and build a better pension insurance system, the author tends to suggest that part of the state－owned assets be converted into fund for social security and the pension fund management be further perfected.