请输入您要查询的英文单词:

 

单词 blind pool
释义

blind pool


blind pool

n. A startup company that sells stock in a public offering without specifying how the investors' money will be spent.

Blind pool


Blind pool

A limited partnership that does not announce its intentions as to what properties will be acquired.

Blind Pool

A limited partnership without any stated investment goals. The blind pool gathers money from investors, who then trust the general partner(s) and managers of the pool to invest wisely. Blind pools have a shaky reputation as the result of some fraud scandals in the 1980s and 1990s. They are most common toward the end of a prolonged bull market, in which investors do not engage in the appropriate due diligence and risk analysis.

Legitimate blind pools usually exist for reverse acquisition. In these cases, the general partner(s) choose not to reveal their purposes for fear of scaring away potential investors, especially if the reverse acquisition is high-risk. See also: Transparency.

blind pool

An investment vehicle that raises capital from the public without telling investors how their funds will be utilized. These pools are sometimes used to acquire and convert private companies into public companies without going through a lengthy registration process. Blind pools are risky investments in which investors should pay particular attention to the background and knowledge of the promoters and officers. Shares in these investment vehicles are often sold to the public at relatively low prices.

Blind pool.

If the general partner of a limited partnership does not say which investments the partnership will make, the investment is known as a blind pool.

In a blind pool equipment leasing partnership, for example, you don't know what type of equipment the partnership is planning to acquire for leasing, and in a blind pool real estate investment trust (REIT), you don't know which properties the partnership will purchase.

When you invest in a blind pool limited partnership, your evaluation of the partnership's prospects is based on the investment track record of the general partner. In contrast, in a specified pool limited partnership, you can assess the partnership's prospects on a more concrete analysis of the costs and projected revenues.

However, there is no evidence that the average performance of blind pools differs significantly from the performance of comparable specified pool partnerships.

随便看

 

英语词典包含2567994条英英释义在线翻译词条,基本涵盖了全部常用单词的英英翻译及用法,是英语学习的有利工具。

 

Copyright © 2004-2022 Newdu.com All Rights Reserved
更新时间:2024/9/23 11:17:01