Master Feeder Structure. As permitted by the 1940 Act, and pursuant to a resolution of a majority of the Directors, the Master Fund forms part of a master-feeder structure, in which feeder funds may invest all of their assets into the Master Fund, rather than making investments in Securities directly.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Mercantile Long-Short Manager Master Fund LLC), Limited Liability Company Agreement (PNC Alternative Strategies Master Fund LLC), Limited Liability Company Agreement (PNC Long-Short Master Fund LLC)
Master Feeder Structure. As permitted by the 1940 Act, and pursuant to a resolution of a majority of the Directors, the Master Fund forms part of a master-feeder structure, in which the feeder funds may invest fund invests all of their its assets into the Master Fund, rather than making investments in Securities securities directly.
Appears in 1 contract
Samples: Topiary Master Fund for Benefit Plan Investors (BPI) LLC
