Is an agency fund a fiduciary fund?

Funds of Funds. A fund of funds is an investment fund that only invests in hedge funds. It doesn't trade assets itself. These are registered with the SEC in the US -- unlike the original hedge...

Agency funds are purely custodial in nature which is why the fund wouldn't have revenue or expenses. The fund balance sheets show only assets (such as cash and investment) and liabilities (which is...

65% of their funding comes from Central Government. The rest they generate themselves though charging for things like waste facilities.

A specialty fund is basically a fund that specializes in a certain investing approach or asset class. For example within stock funds you can have small cap funds (funds that focus on investing in...

Capital appreciation funds seek to maximize capital gains, rather than current income