A ________ is a private investment pool open only to wealthy or institutional investors that is exempt from SEC regulation and can therefore pursue more speculative policies than mutual funds.

Question

Quizplus · Accepted Answer

The description given in the question best fits a hedge fund. Hedge funds are typically designed for wealthy or institutional investors and are not subject to the same regulations as mutual funds, allowing them to pursue more risky and speculative investment strategies. Commingled pools and unit trusts are types of investment vehicles that can be regulated like mutual funds, while money market funds are a type of mutual fund that invests in low-risk, short-term debt securities.

A ________ Is a Private Investment Pool Open Only to Wealthy