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 ...
The use of a master-feeder fund structure has the benefit of providing a familiar investment vehicle for each class of investor in the fund while at the same time providing for the aggregation at the master-fund level of the funds invested, thereby increasing sc...
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Investment Partnerships and Hedge Funds: Accounting Policies, Tax Allocations, and Performance Presentation Economies of Scale in Hedge Funds. CHAPTER 2 The Structure of Hedge Funds. Organizing a Typical Offshore Hedge Fund. Master-Feeder Structuring of Onshore/Offshore Arms: Organizing a Hedge Fund ...
A master-feeder investment structure including at least one top tier multi-strategy portfolio, at least one intermediate tier multi-strategy portfolio; and at least one lower tier single strategy fund. The single strategy fund makes a plurality of hedge fund investments in accordance with its ...
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...
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. ...