HEDGE FUNDS a Both Exciting and Practical for investment Funds.
An Insurance Against Unruley Markets
Hedge funds take much of the volitility out of the investment by "playing both ends against the middle" They, in effect play both sides of the market to some degree.
The good side of the hedge equation is that they are more conservative investments and less of the fund is a risk. The bad side is they make less money than straightforward investments in a similar area.