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صندوق سرمایهگذاری مشترک
Effectively, REITs operate much in the same fashion as mutual funds.
In contrast to mutual funds, which are publicly traded investment vehi- cles, hedge funds are private investment vehicles.
In the management of their portfolios, hedge funds tend to employ derivative strategies much more than mutual funds.
Although mutual funds may be permitted to short securities by prospectus and there are SEC regulatory restrictions on shorting, they primarily hold long positions.
There are restric- tions on leverage employed by mutual funds but none for hedge funds.
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