stimme zu. Und laut US Wikipedia, die aussschlaggebende Eigenschaft ist, daß sie für private akkreditierte Investoren sind, und nicht reguliert sind:
From Wikipedia, the free encyclopedia
A hedge fund is a private investment fund charging a performance fee and typically open to only a limited number of investors, e.g., those in the United States, hedge funds are largely open to accredited investors only. Hedge Funds have grown in size and influence on the public securities and private investment markets.
Hedge funds are not currently subject to any direct regulation by the SEC, the NASD, or other federal regulating commissions, unlike mutual funds, pension funds, and insurance companies. Some funds that trade commodity futures contracts are considered to be commodity pools, regulated by the Commodity Futures Trading Commission and National Futures Association.