I’ve been trying to follow the Wall Street bets situations, but I can’t find a simple definition of hedge funds. Help?
In: Economics
It is a private pool of funds from accredited investors that can be invested however the managers see fit, as long as they can raise the money. They are loosely regulated because of accredited investor rules. Basically, the wealthy investors must (should) know what they are getting into.
Hedge fund managers can be aggressive, conservative. Basically whatever they want to do that is ‘legal’.
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