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  1. Point in time
    2018-03-23

closed-ended investment fund

59(in LR) an entity:

  1. (a) which is an undertaking with limited liability, including a company, limited partnership, or limited liability partnership; and
  2. (b) whose primary object is investing and managing its assets (including pooled funds contributed by holders of its listed securities):
    1. (i) in property of any description; and
    2. (ii) with a view to spreading investment risk.