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.
Hedge funds are collective investments that aim to make money whether the market is moving up, down or sideways. Unlike unit trusts, Oeics or investment trusts, which tend to only grow when shares rise, hedge funds can make money when share prices are falling.