Blind trust

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Blind trust

A trust in which a fiduciary third party has total discretion to make investments on behalf of a beneficiary while the beneficiary is uninformed about the holdings of the trust.

Blind Trust

A trust where the beneficiary is not given knowledge of the assets in it. The trustee has knowledge of the assets and is responsible for investing them on behalf of the beneficiary. A grantor usually sets ups a blind trust to avoid potential conflicts of interest.

Blind trust.

A blind trust is created when a third party, such as an investment adviser or other trustee, assumes complete control of the assets held in a trust.

Elected officials often set up blind trusts to reassure the public that political decisions are not being made for personal financial benefit.

References in periodicals archive ?
Pebblebrook successfully raised $350 million in a blind trust in December to buy distressed hotels.
Blind trusts have been commonly used by government officials to eliminate conflicts of interest.
The governor's office did not respond to requests for the Perrys' 2010 return and did not volunteer the market value of their blind trusts.
Secondarily, you should take advantage of the tools available to protect yourself from allegations of conflict of interest, such as a 10b5-1 trading plan or a blind trust (see sidebar).
Ask Tony Blair about his blind trusts and Lord Sainsbury.
These blind trusts will enable the affiliates to diversify their respective investment portfolios while avoiding any actual or perceived conflicts of interest that might arise from their involvement in Company affairs.
Tory leader Iain Duncan Smith has perfectly valid grounds for seeking an inquiry and clarification of the academic point of whether the code on blind trusts applies to property dealings.
Its rules on blind trusts do not distinguish between property and shares.
The move risks breaching Blair's own code-of-conduct which insists ministers are kept at arm's length from blind trusts which run their financial affairs.
Furthermore, during the Class Period, defendants Poyiadjis and Kyprianou created blind trusts naming their families as beneficiaries and transferred 4.
Additionally, during the Class Period, defendants Poyiadjis and Kyprianou created blind trusts naming their families as beneficiaries and transferred 4.