Term

Hedge fund

An investment fund for large private investors that can make risky bets, including bets on falling prices.

Explained in

Boomerang: Travels in the New Third World, Michael Lewis
Hedge Fund Market Wizards: How Winning Traders Win, Jack D. Schwager
A private investment fund for wealthy clients. Unlike conventional funds, it can make money from falling prices as well as rising ones.
The New Market Wizards: Conversations with America’s Top Traders, Jack Schwager
An investment fund for wealthy investors that can freely bet on both rising and falling prices.
When Genius Failed: The Rise and Fall of Long-Term Capital Management, Roger Lowenstein
A private investment fund for wealthy people and institutions. It can make almost any kind of bet and discloses very little to the public.
Weapons of Math Destruction, Cathy O'Neil
A private investment fund for large investors that uses complex and risky strategies on financial markets.
The Big Short: Inside the Doomsday Machine, Michael Lewis
An investment fund for wealthy clients that is allowed to use risky strategies, including bets on falling prices.
Die with Zero: Getting All You Can from Your Money and Your Life, Bill Perkins
An investment fund for wealthy investors that puts their money to work through complex and risky strategies.