📚 noun • entry_id 15609
hedge fund
Meanings (ES + gloss)
fondo de cobertura
Any unregistered investment fund, often characterised by unconventional strategies (i.e., strategies other than investing long only in bonds, equities or money markets).
Hedge funds date to 1949, when Alfred Winslow Jones, a writer at Fortune, opened a private investment firm using sixty thousand dollars he had raised from friends and forty thousan…
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