Managed funds that pool money from investors and invest in securities within multiple complex strategies in an effort to reduce risk and maximize returns.

  • more aggressive and exclusive and mutual funds
  • not regulated heavily as mutual funds, so more return and risk
  • charge both a management fee and a performance fee
    • most common fee structure: two and twenty → 2% aset management fee and a 20% cut of generated gains

Terminology

Strategies

  • seeks profit in all kinds of markets
  • investment strategies not used my mutual funds such as:
    • leverage → borrowing to increase investment exposure as well as risk
    • shorting → betting against the market

Who can invest in hedge funds?

  • you must be an accredited investor
    • like institutional investors (like pension funds and insurance companies), or individuals with a high net of over $1 million lol