Frequently Asked Question
All of the following are regulated by the Investment Companies Act of 1940 EXCEPT
a) closed-end funds.
b) private investment funds.
c) mutual funds.
d) unit investment trusts.
Answer: B.
Also called hedge funds, these operate in a private, sophisticated market, although they are structurally similar to regulated investment companies.
b) private investment funds.
c) mutual funds.
d) unit investment trusts.
Answer: B.
Also called hedge funds, these operate in a private, sophisticated market, although they are structurally similar to regulated investment companies.
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