Business, Legal & Accounting Glossary
A separate account used by hedge funds which includes only their illiquid assets, so that they can be considered separately from their liquid assets. A unique aspect of a side pocket account is that the only people who will benefit from this account are those who were members of the hedge fund when the account was created; any future members will not benefit from this account.
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This glossary post was last updated: 16th November, 2021 | 0 Views.