Orlando Sentinel – I see the phrase "hedge fund" in the newspaper every day now and I don’t really know what a "hedge fund" is. I don’t think I ever saw the phrase 10 years ago, so maybe the financial term "hedge fund" is fairly new. These funds are certainly new to me. I have six dictionaries and five of them don’t even have a listing for "hedge fund."
A hedge fund has something to do with money. I know what a fund is and I know what a hedge is, but neither term seems to have much to do with hedge funds.