Master Fund = 母基金、主要基金。Feeder Fund = 支线基金，联接基金（香港）、投资基金（台湾）。
主联基金结构(Master-Feeder Fund Structure),它简称为联接(Feeder Fund),它的作用通常是从 美国应税投资者(U.S. Taxable Investors)、美国免税投资者(U.S. Tax-exempt Investors)和非美国投资者(Non-U.S. Investors)筹集的资金积累到一个中央工具—— 主基金(Master Fund),通过这样一个分类和汇总,可以提高可...
Master-feeder结构是一种常见于对冲基金和某些共同基金中的投资结构,目的是通过集中资产管理来提高效率并降低成本。这种结构通常涉及至少两个基金:一个主基金(master fund)和一个或多个投资基金(feeder funds)。主基金是集中管理所有投资的实体。所有的投资决策和交易都在这个基金中进行,它直接持有所有的投资资产。投资...
BlackRock manages various "master/feeder" portfolio structures, and the information provided here is intended to provide shareholders with information about those structures. Each feeder fund invests all of its assets in a corresponding master portfolio. All security investments are made at the master ...
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1.A master-feeder fund structure refers to a fund (the feeder fund) that invests 90% or more of its total net asset value in another single fund (the master fund). Such funds are permitted under para. 7.12 of the Code on Unit Trusts and Mutual Funds provided that both the feeder fund...
The master fund pools the investments of numerous individual investors from multiple feeder funds. Each investor may have a different investment goal, and each feeder fund may be tailored to different investors (e.g., one can appeal to arisk-averse investor, whereas another can appeal to a ris...
Master-feeder structures can be utilized by all types of funds. If a master-feeder structure is utilized in a U.S. regulated fund, it will be disclosed in a fund’s prospectus, with the terms of the master-feeder structure provided in detail. Master-feeder funds can be a useful way to...
For example, if feeder fund A's $100 contribution and feeder fund B's $200 contribution provided the total investments to a master fund, then fund A would receive one-third of the master fund returns while fund B would receive two-thirds of the returns. ...
Master-Feeder Fund Plan Urged to Avert Tax on Common Trust ConversionsThere's more than one way to turn a common trust fund into a mutual fund and avoid paying capital...Hensley, ScottAmerican Banker (pre-1997 Fulltext)