tête

11:06 Aug 22, 2013
This question was closed without grading. Reason: No acceptable answer

French to English translations [PRO]
Bus/Financial - Investment / Securities / UCITS
French term or phrase: tête
No context I'm afraid other than under 'Caractéristiques de l'OPCVM' the document states:
Structure de l'OPCVM - ni tête ni compartiment.

I understand that a 'compartiment' is a sub-fund but what is the correct term for 'tête' in this context?
Pamela Hewitt


Summary of answers provided
4 +1Master Fund
Amaury de Cizancourt
4top-level / FoF level [fund]
rkillings


Discussion entries: 5





  

Answers


12 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
Master Fund


Explanation:
I can't think of anything else.

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Note added at 28 mins (2013-08-22 11:34:53 GMT)
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I wonder if this is not just two ways of addressing the same thing. Linguee also suggest "Fonds Master"which is used by Bnp Paribas
http://www.linguee.fr/francais-anglais/search?source=auto&qu...


    Reference: http://www.investopedia.com/terms/m/masterfund.asp
Amaury de Cizancourt
France
Local time: 22:55
Native speaker of: Native in FrenchFrench, Native in EnglishEnglish
Notes to answerer
Asker: Thanks very much but below the document states 'ni maître ni nourricier' so they are using the term 'maître' for 'master'


Peer comments on this answer (and responses from the answerer)
agree  Dominique Stiver: I don't see any other solution. There are some confirmations for the designations proposed... Master funds offer the possibility of accumulating high capital volume into one master fund, which consists of several segments (sub funds)
33 mins
  -> Thanks
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4 days   confidence: Answerer confidence 4/5Answerer confidence 4/5
[fonds de] tête
top-level / FoF level [fund]


Explanation:
... as opposed to underlying / target level.

Works with funds that are strictly funds of funds (FoFs) and funds that also engage in total-return swaps with other funds.


    Reference: http://www.investopedia.com/articles/mutualfund/08/fund-of-f...
    Reference: http://www.lipperweb.com/Handlers/GetDocument.ashx?documentI...
rkillings
United States
Local time: 13:55
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 131
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