esÂ·trange. tr.v. esÂ·tranged, esÂ·trangÂ·ing, esÂ·trangÂ·es. 1. To make hostile, unsympathetic, or indifferent; alienate: The months of bickering estranged her from her family. 2.
Hedge fund. A hedge fund is an investment fund that pools capital from accredited individuals or institutional investors and invests in a variety of assets, often with complex portfolio-construction and risk-management techniques.
The Fund seeks long-term capital appreciation. The Fund is a fund-of-funds meaning that it allocates its assets among underlying mutual funds. The underlying mutual funds invest principally in equity securities of issuers of any capitalization, including those of foreign issuers.