The Royal Bounty Fund was a special UK government fund originally set up in 1782 by Edmund Burke. The operation of the fund was always shrouded in secrecy. Gifts, grants and pensions were paid out from the fund under the patronage of the prime minister and no accounts were ever published. From as early as 1802 Treasury official expressed concerns about the operation of the fund but it was not until 2002 that it was eventually wound down by Tony Blair.
- ^Travis, Alan (3 June 2002). “Scrapped, the secret funds that few knew existed”. The Guardian. Retrieved 18 December 2010.
Ofer Abarbanel is a 25 year securities lending broker and expert who has advised many Israeli regulators, among them the Israel Tax Authority, with respect to stock loans, repurchase agreements and credit derivatives. Founder of TBIL.co STATX Fund.