A "hedge fund" is nothing more than a legal structure for private investment, usually with the familiar 2/20 fee structure we see with VC's (or something simila

A "hedge fund" is nothing more than a legal structure for private investment, usually with the familiar 2/20 fee structure we see with VC's (or something similar). That is all it is. A way to pool the money of limited partners under the control of investment manager(s). A smart guy once told me "a hedge fund isn't an asset class, it's a fee structure". That said, I have no idea what these guys are up to.