CNN- For the modern day MBA student the sector is venerated very nearly as much as that of private equity, while to the uninitiated it is almost as mysterious — welcome to the world of the hedge fund.
Not only puzzling, hedge funds are also increasingly important — according to many estimates, they now control combined assets worth well over $1 trillion in total. It is thus no surprise to see hedge funds come under the increasing scrutiny of business schools.
Hedge funds, in the simplest terms, are private, unregulated investment opportunities reserved for the wealthy and financially savvy market player. Unlike regular mutual funds available to everyone, they are free to pursue higher risk, higher return investment strategies and do not offer the protection given by regulated funds.
