hedge-like mutual fund

A mutual fund that uses investment methods more typical of hedge funds, but maintaining the convenience and availability of a mutual fund. While hedge funds are not regulated by the SEC, mutual funds are, therefore the fund will not typically use excess leverage as part of their investment strategy. Investors also do not need to be accredited, which is why such funds are easily available unlike hedge funds. Usually used as an alternative investment strategy that aims to increase returns, along with higher inherent risk using methods such as long-short or market neutral strategies.