Sentence examples for blind pool from inspiring English sources
noun
Collective investment (such as a company or syndicate) where the investors have little or no idea what is being done.
(Contributors to a blind pool allow brokers to decide how to invest their money).
Morris met with brokers at Kober Financial Corporation, in Tampa, a firm that had access to a "blind pool" company.
Either have the company buy the options back at a fair, agreed-upon price, subject to a third-party opinion, or swap them back to the company to be exchanged for the performance of a blind pool trust.
The strategy is a major shift from the typical fund of funds that keeps assets in a blind pool, leaving investors with little control or even knowledge of where their money goes.
"Funds of funds represent an additional layer of fees, and you are investing in a blind pool," said Jos van Gisbergen, a senior fund manager at the Dutch investment group MN Services, which generally advises its clients against funds of funds.
Forbes: Blind pool REITs?
The company said it was getting regular reports on the blind pools and losses so far had been modest.
In fact, several new REITs, so-called blind pools because they currently own no property, might be able to take advantage of the situation by buying.
Finra's investigation may also extend to so-called blind pools, in which investors back a management team without having a say in specific investments, Mr. Shorris said.
In its first-quarter report, the insurer said the banks were holding the loans and mortgages in blind pools, making it hard to know how they would weather Europe's storm.
Blind pools are necessarily speculative.
