Basically they get to do what they want without the public reporting requirements that mutual funds have to do, but the flip side is that only rich people can invest in hedge funds because you're too stupid to make money if you aren't already a millionaire.
Basically they get to do what they want without the public reporting requirements that mutual funds have to do, but the flip side is that only rich people can invest in hedge funds because you're too stupid to make money if you aren't already a millionaire.