________ are private partnerships of small number of wealthy investors who are organised as private partnerships, often subject to lock-up period and allowed to pursue a wide range of investment activities.

Question

Quizplus · Accepted Answer

The given description fits the characteristics of hedge funds as they are private partnerships with a small number of wealthy investors who are subject to lock-up periods and have a wide range of investment activities. Closed-end funds, REITs, and mutual funds have different characteristics and structures.

________ Are Private Partnerships of Small Number of Wealthy Investors