hedge fund
A fund that is allowed to employ aggressive investment strategies, such as short selling, options, and program trading, which are prohibited in mutual funds. Hedge funds typically require a minimum investment of several hundred thousand dollars, limiting participation to high-net worth individual investors and institutions. See private investment fund.
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private investment fund
Managed Funds Association (MFA)
high water mark
Morningstar, Inc.
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angel investor
risk-averse investor
Undiversifiable Risk