Funds Under Management definition
Funds Under Management with respect to any Person means the funds under management by such Person as part of the Asset Management Business; provided, that (i) Funds Under Management shall include only actual funds contributed by a client rather than funds under management after giving effect to account leverage and (ii) Funds Under Management shall not include any increase or decrease due to trading profits or losses.
Funds Under Management means the sum of the equity investment in membership interests plus the outstanding principal balance of short- and long-term loans.
Funds Under Management. (“FUM”) means all situations where customers provide a licensee with cash, securities, financial instruments or contracts for the purpose of investing/dealing in investments or other assets in a manner as may be agreed between the parties; or in a pool of investments or any variation or combination of these. This includes the following situations:
More Definitions of Funds Under Management
Funds Under Management means the sum of (x) the aggregate Initial Capital Contributions of the Members; plus (y) the outstanding principal balance of short- and long-term loans to the Company.