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Proprietary Fund

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Proprietary Fund
A mutual fund sponsored and managed by a certain financial institution. For example, all funds managed by Bank XYZ are considered Bank XYZ's proprietary funds. While some financial institutions offer other institutions funds along with their own, many only sell their own proprietary funds to investors.

Proprietary fund. Proprietary mutual funds are offered for sale by the financial institution -- such as a bank, investment company, or brokerage firm -- that sponsors the funds.

Characteristically, the funds' names include the name of the institution. For example, a hypothetical bank called Last Bank might offer a Last Bank Growth Fund or a Last Bank Capital Appreciation Fund.

Some institutions market only their proprietary funds, while others offer both their own funds and funds sponsored by others.



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CAPITAL PROJECTS FUNDS Current authoritative standards state that capital projects funds are properly used "to account for financial resources to be used for the acquisition or construction of major capital facilities (other than those financed by proprietary funds or in trust funds for individuals, private organizations, or other governments).
She will take on senior-level responsibilities for raising Perseus Realty Partners' proprietary funds as well as work on initiatives for Perseus Realty Capital, an affiliated investment banking firm.
Requiring proprietary funds may be good for the vendor, but may not bfe prudent from either a fee or investment perspective for your plan.
 
 
 
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