blind bid

Blind Bid

A bid, usually by a portfolio manager, to buy a portfolio of stocks without knowing what stocks are included. Blind bids are useful when the portfolio manager wishes to buy stocks without affecting their market prices. Obviously, however, not knowing what stocks are included can be quite risky.

blind bid

An offer to purchase a basket of stocks without knowing exactly which stocks are included in the basket. Portfolio managers utilize blind bids when they risk affecting the market prices of stocks they buy and sell.
References in periodicals archive ?
lack of regard members and fans in this As well as spending vast amounts to upgrade their grounds, counties had to blind bid for matches.
In response to the increased use of blind bidding, the Department of Justice concluded an agreement with the movie studios limiting the number of films which could be blind bid from January 1, 1969 to January 1, 1971 to three per studio per year.
Nevertheless, while the ECB rightly wants to spend money developing cricket, the blind bid process to host Test and ODI matches, which pits one county against another, remains a cause of anxiety.
And that is also the price that farmers, in a blind bid, said they would be willing to pay to restore wetlands on their properties.
Postcards designed and donated by the likes of Sir Peter Blake, Mike McCartney, Holly Johnson and Paul O'Grady have gone on sale in a blind bid - where the bidders don't know who designed each postcard.
As a strategist and trader at Goldman Sachs, Dermot Harriss was in charge of the Quantitative Trading Group s high-frequency market-making platform, and later for the development of the first fully automated blind bid principal risk pricing workflow.
With Gasol joining the Bulls, the Lakers were somehow fortunate enough to have won a blind bid involving waived player Carlos Boozer.
He will be a true free agent, meaning clubs won't have to submit a blind bid to Yomiuri to win negotiating rights.
Anyway, the estate agents said that the three of us would have to bid again - by making a blind bid - and as we really wanted it we increased our bid by pounds 3,500.
The buyer who creates the blind bid is able to view the incoming bids and monitor the bidding process.
Online upgrade auctions that allow travellers with cheap tickets to make blind bids for unfilled business class seats are on the rise, and airlines across the world are adopting this innovative new way of making extra cash.
We were forced to quickly build our own auction platform and gather blind bids, through our website," he said.