A professionally managed fund that is sold to sophisticated high net worth investors that may pursue higher risk positions not available to more traditional mutual fund investors is known as:

Question

Quizplus · Accepted Answer

Hedge funds are investment funds that are available to a limited range of investors and can undertake a wider range of investment and trading activities than other funds. They often engage in higher-risk strategies to achieve significant returns, targeting sophisticated, high-net-worth individuals and institutional investors.

A Professionally Managed Fund That Is Sold to Sophisticated High