FGR: Difference between revisions

8 bytes added ,  21 September 2021
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m (Amwelladmin moved page Besloten Fonds voor Gemene Rekening to FGR over redirect)
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{{g}}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 ''[[fond 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 [https://www.ifcreview.com/articles/2017/september/the-netherlands-a-hybrid-instrument-that-offers-a-closed-fund-for-mutual-account/ here] and [https://www.ipe.com/main-navigation/developments-in-dutch-pooling/50943.article here]. In a nutshell:
{{a|entity|}}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 ''[[fond 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 [https://www.ifcreview.com/articles/2017/september/the-netherlands-a-hybrid-instrument-that-offers-a-closed-fund-for-mutual-account/ here] and [https://www.ipe.com/main-navigation/developments-in-dutch-pooling/50943.article here]. In a nutshell:


The FGR is not a [[legal entity]], but a [[Contract|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.
The FGR is not a [[legal entity]], but a [[Contract|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.