asset-backed fund

(redirected from Asset Backed Fund)
Also found in: Financial.
Related to Asset Backed Fund: Asset Backed Bonds

asset-backed fund

n
(Banking & Finance) a fund in which the money is invested in property, shares, etc, rather than being deposited with a bank or building society
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Most recently, he was a Director and Head of Asset Management for JPS Capital Partners, LLC, a sub-manager for the NYC-based Stillwater Asset Backed Fund LP.
The following 21 funds were added to the Credit Suisse/Tremont Hedge Fund Index on October 1, 2008: Aristeia, Waterstone Market Neutral Master Fund, Ltd, Vision Emerging Asset Backed Fund Four SPC, RP Explorer Master Fund, Finisterre Global Opportunity Fund, Everest Capital China Opportunity L.