Book 2 Page 277
有没有TX可以给解释一下“Private Exchange Fund”的原理呢？谢谢啦！
Private exchange funds are designed to address the shortcomings of public exchange funds. They usually involve a single security. The investor or investors holding that single security join forces with an external party, who purchases the same stock at current market prices and partners with the original investor or investors. Having at least one “unrelated investor” entering into a partnership “with a valid business purpose other than that of hedging the security” is generally thought to qualify the proposed venture as a bona fide private exchange fund. | 
发表于 2011-5-9 13:56
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