Master Fund

Master Fund

A mutual fund or other fund that allows a shareholder to have access to other investment vehicles. For example, a master fund may be a fund of funds, which is a mutual fund that invests in other mutual funds. Likewise, it may be a mutual fund in which a feeder fund invests. In the latter case, shares of the feeder fund represent shares in the master fund, which, in turn, represents shares in the underlying securities. Master funds and similar structures are relatively common when the one fund or the other contains tax disadvantages for shareholders that the other fund remedies.
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The finance ministry said, "ADIA will become the first institutional investor in NIIF's master fund and a shareholder in NIIF's investment management company.
Summary: Abu Dhabi Investment Authority will become the first institutional investor in NIIF's Master Fund
M2 EQUITYBITES-December 12, 2016-Tetragon Financial Group Master Fund Closes Tender Offer for Shares of Parent TFG
BANKING AND CREDIT NEWS-June 13, 2016-Tetragon Master Fund reports tender offer results to purchase Tetragon Financial
The letter ruling concluded that equity interests issued by nongrantor trust entities (a limited partnership master fund and a nongrantor trust) in an arrangement in which the underlying obligations (commercial mortgage loans) were not in registered form were each similar to passthrough certificates and therefore also may be considered obligations in registered form if the Regs.
OTCBB: SNPK) (PINKSHEETS: SNPK), a distributor of specialty drugs and over-the-counter branded multivitamins to the healthcare provider market, has completed a USD5m Senior Secured Credit Facility with TCA Global Credit Master Fund, it was reported yesterday.
Listed as plaintiffs are Trilogy Portfolio Company, LLC; Value Realization Fund; Realization Master Fund and Canyon Balanced Master Fund Ltd.
UK-based Barclays Plc (LSE: BARC) has said that it has purchased USD100m in claims on bankrupt Lehman Brothers Holdings, Inc from Fir Tree Value Master Fund LP and another related entity.
TVI Pacific, Inc (TSX:TVI), a Canada-based company engaged in exploring for mineral resources in Asia, has completed conditions to the first draw down under a loan agreement with LIM Asia Arbitrage Fund, Inc and LIM Asia Special Situations Master Fund Limited.
GreenMan has also announced the completion of a new three-year, $16 million credit facility with Laurus Master Fund Ltd.
In a separate announcement Aker Yards on Thursday said that HBK Master Fund had acquired convertible bonds representing 1,850,980 shares in Aker Yards.
60% of the Fund's total investments was invested in the Master Fund.