Blind pool. Said when several persons contribute capital to a pool (mutual fund) only the
manager of which knows in what way the money is to be used. The purpose of a blind pool is to
insure secrecy.
A speculative blind pool is not uncommon. The operations of a blind pool in the stock market, for
instance, may be confined to a single stock or it may be extended to several stocks. There may be
a blind pool in a scheme of almost any nature.
manager of which knows in what way the money is to be used. The purpose of a blind pool is to
insure secrecy.
A speculative blind pool is not uncommon. The operations of a blind pool in the stock market, for
instance, may be confined to a single stock or it may be extended to several stocks. There may be
a blind pool in a scheme of almost any nature.
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