funds of funds
Funds that are specifically created to invest in a range of other private equity funds. Like feeder funds, they often offer access to investment opportunities not otherwise available to an investor. In addition, they allow investors to diversify their portfolio between various management teams, which they might be unable to do individually, lacking the expertise and resources to build and manage individual diversified portfolios.
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Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • funds of the European Economic Area/Norwegian Financial Mechanisms Programme — Europos ekonominės erdvės ir (ar) Norvegijos finansinių mechanizmų programos lėšos statusas Aprobuotas sritis finansinės paramos administravimas ir kontrolė apibrėžtis Europos ekonominės erdvės ir (ar) Norvegijos finansinių mechanizmų programos… …   Lithuanian dictionary (lietuvių žodynas)

  • Fund of funds — A fund of funds (FoF) is an investment fund that uses an investment strategy of holding a portfolio of other investment funds rather than investing directly in shares, bonds or other securities. This type of investing is often referred to as… …   Wikipedia

  • fund of funds — A mutual fund or hedge fund that invests in other funds. Bloomberg Financial Dictionary * * * fund of funds fund of funds ➔ fund1 * * * fund of funds UK US noun [C] (plural funds of funds) (also multi manager) FINANCE, STOCK MARKET …   Financial and business terms

  • misapplication.of funds — The conversion of funds. As a specific offense, the conversion by a bank officer of funds of the bank to the use of the officer or a third person, something beyond a mere act of official administration. 10 Am J2d Banks § 224. See misappropriation …   Ballentine's law dictionary

  • cost of funds — United Kingdom The cost of borrowing money. In the context of lending, it means: • The cost to the lender (typically a bank) of borrowing in an interbank market to enable it to fund the loan it has agreed to provide to the borrower. For example,… …   Law dictionary

  • flow of funds — In the context of municipal bonds, refers to the statement displaying the priorities by which municipal revenue will be applied to the debt. Bloomberg Financial Dictionary In the context of mutual funds, refers to the movement of money into or… …   Financial and business terms

  • Cost Of Funds — The interest rate paid by financial institutions for the funds that they deploy in their business. The cost of funds is one of the most important input costs for a financial institution, since a lower cost will generate better returns when the… …   Investment dictionary

  • Fund Of Funds — A mutual fund that invests in other mutual funds. This method is sometimes known as multi management . A fund of funds allows investors to achieve a broad diversification and an appropriate asset allocation with investments in a variety of fund… …   Investment dictionary

  • commingling of funds — A term often applied to the act of an agent, broker, attorney at law, or trustee in mingling the funds of his client, customer, or cestui with his own funds; the act of a fiduciary in mingling funds of different trusts. 54 Am J1st Trusts § 320;… …   Ballentine's law dictionary

  • fund of funds — USA An investment fund that invests in other investment funds rather than investing in stocks, bonds or other securities directly. Fund of funds are managed by mutual funds, hedge funds, private equity funds and investments trusts, each with a… …   Law dictionary

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