Frequently asked question
What is a master-feeder structure?
Fund Formation
One or more feeder vehicles invest into a master vehicle where portfolio activity is conducted. This can consolidate trading while accommodating different investor or tax profiles through separate feeders. Each entity has its own governance, documentation and regulatory analysis. Cayman master-fund registration depends on the statutory definition and the relationship with regulated feeders; it should not be inferred from the label alone.
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Related definition: Mutual Fund.