... pools from hedge funds.In fact, any hedge fund that trades futures or commodities only minimally6 HEDGE FUND COURSE ccc_mccrary_ch01_1-18.qxd 10/6/04 1:41 PM Page 6of the hedge fund management ... thanthe fund capital.The number of hedge funds has grown significantly, and there aremany different types of hedge funds. But this first hedge fund bears aclose resemblance to the most common hedge ... addition, hedge funds may restrict redemptionsfor a year or more.CONTRASTING PRIVATE EQUITY FUNDS WITH HEDGE FUNDSPrivate equity funds include leveraged buyout funds, venture capital funds,mezzanine...