Q988
Collection of money from investors and spending money in other investment activities is classified as
A.
future funds
B.
hedge funds
AnswerC.
retirement funds
D.
pension funds
Answer: Option B
Solution
Answer: Option B
Solution:
Collection of money from investors and spending money in other investment activities is classified as hedge funds. A hedge fund is basically a fancy name for an investment partnership. It's the marriage of a professional fund manager, who can often be known as the general partner, and the investors, sometimes known as the limited partners, who pool their money together into the fund.