1. A flexible investment company for a small number of large investors (usually the minimum investment is $1 million); can use high-risk techniques (not allowed for mutual funds) such as short-selling and heavy leveraging
   "The hedgefund manager employed aggressive strategies to maximize returns";
   - hedge fund

Derived forms: hedge funds, hedgefunds

Type of: fund, investment company, investment firm, investment trust

Encyclopedia: Hedgefund