Hedge Funds
The global hedge fund industry has historically been known for its lack of transparency. Some call hedge funds a shadow investment —meaning that, by and large, the assets held and managed by the funds are out of the public view. Accordingly, this makes hedge funds very attractive to high-net-worth individuals who generally do not like to disclose their investments and the size of their wealth to the broader public. After reading this chapter and coming to appreciate the characteristics of hedge funds, you should understand why this is the case.
In 2013, there were more than 10,000 active hedge funds with assets exceeding $2.4 trillion. ...
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