A hedge fund is a type of private investment partnership that generally invests in a diverse range of securities and typically has more flexible investment strategies than mutual funds. A fund may employ a single strategy or multiple strategies for flexibility, risk management, or diversification. The hedge fund’s prospectus, also […]

A fund of funds is a type of pooled investment vehicle that primarily invests in other funds, instead of directly investing in securities of operating companies, often with the goal of achieving improved asset allocation, diversification, or other investment objectives.  Like all other pooled investment products, these funds are regulated […]

A convertible note, which is a type of security, is a loan made by an investor to a company that can be converted into a different security, typically common or preferred stock. Convertible notes are often used during seed rounds because of challenges valuing a company early in its life […]

Common stock is a type of security that represents an ownership interest—or equity—in a company. Holders of common stock have rights that typically include the right to vote to elect members to a company’s board of directors and to vote on certain corporate actions (such as takeover bids), and may […]

AUM is the total value of assets for which an investment adviser provides certain kinds of investment advice.