performance fund meaning

• [Economics]
  An investment that expects to pay high returns in the long run, although this will involve a higher risk. Some performance funds hope to achieve a high capital gain rather than a regular income.
• 
  [Finance]
  A growth-oriented mutual fund investing in growth stock and performance stock with low dividends and high risk.

• performance:    Noun: performance& ...
• fund:    Noun: fund &n ...
• asset performance:    [Finance]A busines ...

Examples

1. Examples aboudn of high-performance funds turning south.
2. Kenneth Perkins, analyst with Pittsburgh Performance Fund, a US Airways shareholder, said.
3. Tsai pioneered the use of performance funds in money management during the 1950s and 1960s.
4. Such systems will enable agencies to reward employees with funds from the Human Capital Performance Fund.
5. In other words, big cash inflows into a high-performance fund could lead to savings come April 15.