Examples of Covered Asset in a sentence
Beneficial Ownership of any Covered Asset or other investment means any opportunity, directly or indirectly, to profit or share in the profit from any transaction in that investment.
An “Asset Held or to be Acquired by the Funds” means (i) any Covered Asset (as defined herein) that, within the most recent 15 days (A) is or has been held by a Fund or (B) is being or has been considered by a Fund or the Adviser for purchase by the Fund and (ii) any option to purchase or sell, and any security convertible into or exchangeable for, such a Covered Asset.
If you or members of your Family/Household wish to transact in a different Covered Asset, in a different quantity or, in the case of a private placement transaction previously approved, a follow-on investment in the same private placement, a separate approval must be obtained.
Covered Asset means any commodity that is traded in the markets, including any digital currency (e.g., bitcoin), anything that is considered a “security” under the Advisers Act and the 1940 Act5 and any derivative on the foregoing, except: ● Direct obligations of the U.S. Government.
In order to enter into any transaction in a Covered Asset not prohibited by the firm policy described above, Covered Persons must obtain, in advance of the transaction, preclearance for that transaction through the Adviser’s compliance software.