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lease fund

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lease fund
An investment company that invests the shareholders' money in lease obligations. A lease fund is very similar to a bond fund except that the maturities of its investments are shorter. Because leases do not have an active secondary market, the fund manager must secure outside agreements to buy the leases in case the shareholders redeem their shares.
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On the advice of her broker, Jerome Babich in the Palm Springs office of Prudential, Crocker invested $145,000 into three Prudential funds: the Energy Income Fund 16, the Polaris Aircraft Lease Fund 3, and the Polaris Aircraft Lease Fund 5, said Aidikoff.
Deadline looms for claims in Prudential Securities debacle by Cole, Benjamin Mark / Los Angeles Business Journal
AG Net Lease is currently investing its first dedicated net lease fund which closed earlier this year and will seek to purchase as much as $500 million of net leased corporate real estate in the U.
Angelo, Gordon & Co.'s Net Lease Group Acquires 50 Percent Interest ... by Business Wire
AG Net Lease is currently investing its first dedicated net lease fund which closed earlier this year and will seek to purchase as much as $500 million of net leased corporate real estate in the U.
Angelo, Gordon & Co.'s Net Lease Group Completes $58 Million ... by Business Wire
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