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Collective trust funds or Collective Investment Trusts (CITs) are a legal trust administered by a bank or trust company that combines assets for multiple investors who meet specific requirements set forth in the fund’s declaration of trust. [1] Typically, a collective trust pools assets from corporate and governmental profit sharing, pension ...
CIT Group (CIT), a subsidiary of First Citizens BancShares, is an American financial services company. It provides financing, including factoring , cash management , treasury management , mortgage loans , Small Business Administration loans, leasing, and advisory services principally to individuals, middle-market companies and small businesses ...
Different unit/share classes may have different combinations of fees/charges. Pricing models. Open-ended vehicles are either dual priced or single priced. Dual priced vehicles have a buying (offer) price and selling (bid) price. The buying price is higher than the selling price, this difference is known as the spread or bid–offer spread. The ...
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Manning & Napier Adds New Class with Zero Revenue Share to Pro-Mix® CIT Fund Family New unit class offers greater transparency for plan sponsors and participants FAIRPORT, N.Y.--(BUSINESS WIRE ...
Alden Global Capital is a hedge fund based in Manhattan, New York City. It was founded in 2007 by Randall D. Smith. [2] Its managing director is Heath Freeman. [2] [3] By mid-2020, Alden had stakes in roughly two hundred American newspapers. [4] [5] The company added more newspapers to its portfolio in May 2021 when it purchased Tribune ...
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