# Umbrella fund

- Canonical URL: https://www.gerhardmerk.de/umbrella-fund-2
- Post ID: 593680
- Modified: 2023-07-25T21:12:26+00:00
- Language: en

## Definition

a fund structure consisting of several subfunds (subfunds, subfunds, share classes; parts of full fund that are available for investing). The entirety of the subfunds forms a legal entity (umbrella). As a result, only a single admission procedure is required for the umbrella. As a rule, investors can switch from one subfund to another of the subfunds of the capital management company free of commission. - See Counterparty Risk Management Policy Group, domino effect, hedge fund dangers, long-short arbitrage, micro hedges, side funds, restructuring, risk monitoring, articulated, rush to the exit, single hedge funds, switcher. - Cf. BaFin Annual Report 2003, p. 211 (recent legal developments). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

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