diversified management company

diversified management company

An investment company with a minimum of 75% of its assets as cash, government securities, securities of other investment companies, and other securities subject to a limitation of no more than 5% of the diversified management company's assets or 10% of the voting securities of the issuing company. Most investment companies, including mutual funds and closed-end investment companies, are diversified management companies. Compare nondiversified management company.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Meruelo Group is a privately held, diversified management company founded in 1986 by US Latino business executive Alex Meruelo.
A diversified management company with John Pelton at the helm and Jack Fraser as chairman.

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