Hedge Funds
Hedge funds are typically open-ended and actively managed. However, their NAV is typically calculated monthly.
Read more about this topic: Open-end Fund
Famous quotes containing the word hedge:
“Take the instant way,
For honor travels in a strait so narrow,
Where one but goes abreast. Keep then the path,
For emulation hath a thousand sons
That one by one pursue. If you give way,
Or hedge aside from the direct forthright,
Like to an entered tide, they all rush by
And leave you hindmost.”
—William Shakespeare (1564–1616)