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Raising finance - small & medium-sized organisations (Reading 16),…

- - - - managers charge high fees for their services linked to the performance of their funds
      - adopt riskier investment - they borrow money from wholesale markets to finance their investments
      - targeted at wealthy individuals - like taking risks with their investments
      - lightly regulated compared to conventional investment funds
      - hedge - a method of reducing risk
      - target in trouble companies which they will profit from if the company's share prices fall (cheaper selling price - buy more shares)
      - variation in styles & risk profiles