A common fund is a form of collective investment scheme based upon contractual law rather than being enacted through a trust, corporation or insurance policy.
The model for this type of arrangement is the Fonds commun de placement common in France and Luxembourg. The common contractual fund in Ireland is another prominent example.
Famous quotes containing the words common and/or fund:
“No illusion is more crucial than the illusion that great success and huge money buy you immunity from the common ills of mankind, such as cars that won’t start.”
—Larry McMurtry (b. 1936)
“School success is not predicted by a child’s fund of facts or a precocious ability to read as much as by emotional and social measures; being self-assured and interested: knowing what kind of behavior is expected and how to rein in the impulse to misbehave; being able to wait, to follow directions, and to turn to teachers for help; and expressing needs while getting along with other children.”
—Daniel Goleman (20th century)