Equitable forms value enhancement fund.
Equitable equitable adj. 1) just, based on fairness and not legal technicalities. 2) refers to positive remedies (orders to do something, not money damages) employed by the courts to solve disputes or give relief. (See: equity)
EQUITABLE. forms value enhancement fund
Equitable Real Estate Investment Management, Inc. has announced the formation of Value Enhancement Fund, another in the companys series of closed-end investment Closed-End Investment
When an investment company issues a fixed number of shares in an actively managed portfolio of securities. The shares are traded in the market just like common stock.
Notes:
Most mutual funds are open-end funds, not closed-end. accounts for pension funds.
The Fund, which has already raised approximately ap·prox·i·mate
adj.
1. Almost exact or correct: the approximate time of the accident.
2. $25 million from three pension funds, will acquire between five and eight high-quality properties selling at depressed investment values.
COPYRIGHT 1991 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion