BLIND POOL, in the United States an arrangement by which several individuals, firms or corporations entrust their interests or their funds to the direction and management of one person, who is authorized to carry out a secret deal without instructions or interference from the others. Often the pool agreement provides that the members are not entitled even to any information from the manager until the expiration of the agreed upon period. Blind pools are usually organized for speculative purposes and the main advantages claimed for them are absolute secrecy and the effi ciency with which the manager can operate because of his freedom from control of any kind. (See