hedge fund

noun
a mutual fund organized as a limited partnership and using high-risk, speculative methods to obtain large profits.

Origin:
1965–70

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
hedge fund
 
n
a largely unregulated speculative fund which offers substantial returns for high-risk investments

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
Maybe he meant only those who work for a hedge fund that gives out obscene
  bonuses.
Many hedge fund and investment experts predict the market will go up over the
  next five years so the value would rise.
The university holds investments with a hedge fund and a real-estate investment
  trust in which trustees serve as top executives.
The latter is the mind-set of the gold rush, the hedge fund, the lottery ticket
  of everyday wage-earners.
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