(2) Legal person qualification: Contract fund does not have legal person qualification, while corporate fund itself is a joint stock limited company with legal person qualification.
(3) Nature of funds: the funds of contractual funds are trust property raised by issuing fund shares; The capital of a company's fund is the capital raised by a company as a legal person through the issuance of common shares.
(4) Investor status: Investors of contractual funds become one of the parties to the fund contract after purchasing fund shares. The investor is the principal of the fund, that is, based on his trust in the fund manager, he entrusts his own funds to the fund manager for management and operation, and is also the beneficiary of the fund, that is, he enjoys the benefits of the fund.
Investors of corporate funds become shareholders of the fund company after purchasing its shares. Therefore, investors in corporate funds have a greater influence on fund operation than investors in contractual funds.
Extended data
Private equity funds in a broad sense include private equity funds in addition to securities investment funds. In China's financial market, it is often called "private fund" or "underground fund".
Often referred to as a securities investment fund, it is supervised by the competent department of China government and publicly issues beneficiary certificates to unspecified investors. It is a collective investment that does not publicize publicly and privately raises funds from specific investors.
There are basically two ways, one is a contractual collective investment fund based on signing the entrusted investment contract, and the other is a corporate collective investment fund based on * * * contributing shares to establish a joint-stock company.
origin
Private equity funds originated in the United States. At the end of 65438+2009 and the beginning of the 20th century, many wealthy private bankers put their money into high-risk emerging industries such as oil, steel and railway through the introduction and arrangement of lawyers and accountants. This kind of investment is completely decided by investors, and there is no special organization, which is the embryonic form of private equity funds.
Baidu Encyclopedia-Partnership Private Equity Fund
Baidu Encyclopedia-Contract Fund