______ are partnerships of wealthy investors but too small to warrant managing on a separate basis.

Question

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Commingled funds are investment vehicles that pool funds from multiple investors for the collective purpose of investing in a variety of securities, such as stocks and bonds. They are often used by institutional investors, such as pension funds, endowments, and foundations, to achieve greater diversification and cost efficiencies. Commingled funds are typically managed by professional investment managers and can include a range of different investment strategies and asset classes.

______ Are Partnerships of Wealthy Investors but Too Small to Warrant