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Definition of 'Hedge Fund':
An aggressively managed portfolio of investments that uses advanced investment strategies define as leveraged, short, long and derivative positions in both international and domestic markets with the goal of producing high returns (either in an absolute sense or over a specific market benchmark).
Legally, hedge funds are most frequently set up as private investment partnerships that are open to a limited number of investors and need a very large initial minimum investment. Investments in hedge funds are illiquid as they often need investors keep their money in the fund for at least one year.
#question.economic and finanancial environment.
Question 1: (a) Explain fully the following financial accounting techniques: i. Cash accounting ii. Accrual accounting iii. Fund accounting iv. B
given just the sales and profit values, how is the break-even sales calculated?
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