Which of the Following Is False About Non-Venture Private Equity

Which of the following is false about non-venture private equity firm, i.e. hedge funds?

A) Hedge funds invest in private firms with the goal of buying and turning companies around and increasing their value.
B) Hedge funds are a type of mutual fund that hedge using derivatives to reduce the volatility of the mutual fund.
C) Many non-venture private equity firms started out as leveraged buyout firms that provided debt and equity investments to help firms go private through leveraged buyouts or manager buyouts.
D) All of the above are true.