However, certain structures within mutual funds do allow for the mutual fund to indirectly purchase limited partnerships (i.e. hedge funds) that charge traditional hedge fund fees, including a performance fee. (mutualfundobserver.com)
While the strategies employed by hedge fund managers are diverse, traditional hedge funds typically offer a single manager and a single strategy. (us.beyondbullsandbears.com)
Liquid alternatives by contrast offer daily liquidity, security - level transparency and fees that are typically lower than those associated with traditional hedge fund vehicles. (us.beyondbullsandbears.com)