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 fund. 1  An investment vehicle that somewhat resembles a mutual fund, but with a number of important differences. If the fund is off-shore, the fund does not have to adhere to any SEC regulations (and can only sell to non-U.S. investors or investment vehicles).