FGR

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A Besloten Fonds voor Gemene Rekening (“FGR”) is a Dutch mutual fund, similar in nature to an Irish common contractual fund or a French, Belgian or Luxembourgish fonds commun de placement, enabling the assets held on behalf of participants to be managed through a single pool in proportion to the assets or cash subscribed to the pool. Information to be found here and here. In a nutshell:

The FGR is not a legal entity, but a contractual arrangement under Dutch law between the investment manager, who holds the assets for the risk and account of the participants, and a depositary and the participants. Each participant in the FGR is entitled to a pro-rata share of the FGR’s assets and income they generate.