Exploding the myths: Just what are hedge funds?

Not all hedge funds are complex, risky and secretive, says Jacqueline Meziani of Standard & Poor's.

By Jacqueline Meziani, Director of Global Development, New York, Standard PoorÆs

In today's financial markets, hedge funds have sparked the interest of many institutions looking for enhanced returns on their money. Despite all the attention hedge funds have attracted, however, there still exists a great deal of misunderstanding among investors about what they are and how they work. Hedge fund has become a catchall phrase that is often used incorrectly,...

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