31.   Hedge funds are managed investment portfolios for wealthy investors that can invest in stocks, bonds or commodities anywhere in the world.

32.   Hedge funds are targeted to wealthy investors, and their managers generally invest their own money in the funds and get paid based on performance.

33.   Hedge funds were designed mostly for wealthy investors and are more speculative than ordinary mutual funds.

34.   Hedge funds, which are investment pools open only to wealthy investors, are largely unregulated.

35.   However, middle-class families with several children and wealthy investors can expect a windfall.

36.   In addition to venture capital and initial public offerings, other sources of capital include wealthy private investors, often called angels.

37.   In any public offering, it is certainly true that institutions and wealthy investors can often obtain new issues at the offering price and make a quick profit.

38.   Institutions and a relatively small number of wealthy investors bought into companies at an early stage and usually recouped their investments when the companies went public.

39.   It is common for wealthy investors to try to avoid selling low-basis stock, instead selling only the higher basis stock and thus minimizing taxes.

40.   Its blue-chip investors include major banks and insurance companies, billion-dollar pension funds and wealthy investors from Abu Dhabi to Singapore.