A feeder fund is an investment fund which does almost all of its investments through a master fund via a master-feeder relationship.
It is a situation similar to a fund of funds, except that the master fund performs all the investments.
Famous quotes containing the word fund:
“I am advised that there is an unexpended balance of about $45,000 of the fund appropriated for the relief of the sufferers by flood upon the Mississippi River and its tributaries, and I recommend that authority be given to use this fund to meet the most urgent necessities of the poorer people in Oklahoma.”
—Benjamin Harrison (18331901)