A hedge fund is an investment fund limited to 100 investors.<ref>http://www.businessweek.com/2001/01_09/b3721004.htm</ref> As only those classified as an [[Accredited Investor|accredited investor]] are allowed, the reporting by such funds is exempt from may SEC reporting requirements. While similar in many ways to mutual funds, the aforementioned lack of SEC regulation allows them to pursue much more aggressive strategies. | A hedge fund is an investment fund limited to 100 investors.<ref>http://www.businessweek.com/2001/01_09/b3721004.htm</ref> As only those classified as an [[Accredited Investor|accredited investor]] are allowed, the reporting by such funds is exempt from may SEC reporting requirements. While similar in many ways to mutual funds, the aforementioned lack of SEC regulation allows them to pursue much more aggressive strategies. |