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Commingled Fund |
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Commingled Fund 1. A mutual fund in which money from several customers is pooled together to reduce risk and cost. Any fund investing a large amount of money is subject to a lower percentage of brokerage fees, and large accounts usually have smaller administrative costs than individual accounts. They also benefit from economies of scale, mitigating risk. However, capital gains in a commingled fund are distributed equally among investors, usually resulting in a smaller return. 2. A normally illegal practice in which a broker mingles his own funds with those of his/her client, making it difficult to distinguish to whom to give returns.
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TIAA-CREF Funds# * International Equity Fund * Mid-Cap Value Fund TIAA-CREF Life Funds# *International Equity Fund TIAA-CREF Asset Management Commingled Funds Trust 1## * Mid-Cap Value Separate Account # Registered Investment Companies ## Unregistered Commingled Funds 14. UBP has been investing in hedge funds since 1972 and offers a range of capabilities, from tailored recommendations to commingled funds. The Service also extended until June 30, 2011, the deadline for filing an FBAR that would otherwise be due for 2010 and earlier calendar years for persons who only have signature authority over, but no financial interest in, a foreign financial account and those holding foreign commingled funds. |
Commingled Funds |
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