Master Fund

(redirected from Master Funds)

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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indirectly, in a series of other master funds managed by Brevan Howard
Howard Multi-Strategy Master Fund Limited (the "Master Fund"),
3) Reflects a composite of the monthly return and year-to-date return for the feeder funds comprising each of the Company's most significant master funds and is presented on a total return basis, net of all fees and expenses of the relevant fund (except incentive income on certain unrealized special investments that could reduce returns at the time of realization), and includes the reinvestment of all dividends and income.
1) Fund performance reflects a composite of the return for the feeder funds comprising each of the Company's most significant master funds and is presented on a total return basis, net of all fees and expenses of the relevant fund (except incentive income on certain unrealized private investments that could reduce returns on these investments at the time of realization), and includes the reinvestment of all dividends and income.
Master funds and many other investment partnerships traditionally have not made Sec.
This is the second funding tranche in an agreement with Laurus Master Funds to provide debt financing of up to $50 million.
For both the fourth quarter and full year 2008, performance-related depreciation in the Company's master funds was due primarily to unprecedented market volatility and the ensuing flight to quality which began in September and persisted through the remainder of 2008.
President and CEO of MLG Bob Goddard stated, "We are pleased that Laurus Master Funds, Ltd.
TSX: BNC), a research-based, technology-driven Canadian biopharmaceutical company, today announced that the Company has eliminated its long-term convertible debt with Laurus Master Funds.
0 million convertible facility with Laurus Master Funds, and extraordinary costs associated with ensuring the quality systems and processes are in accordance with SOX.
Concord and its subsidiaries also serve as co-administrator, distributor and sponsor of the United States Trust Company's UST Master Funds, and as sub-administrator, distributor and sponsor of Chase Manhattan Bank's Vista Funds and Trinity Assets Trust.
OTCBB:IDNW) today announced that it has reached agreement and retired it's $750,000 convertible note with Laurus Master Funds with a one time cash prepayment of the note.