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.
A mutual fund is a company that pools money from many investors and invests the money in securities such as stocks, bonds, and short-term debt. The combined holdings of the mutual fund are known as its portfolio.Investors buy shares in mutual funds. Because there are many different types of bonds, the risks and rewards of bond funds can vary dramatically. 2  Stock funds invest in corporate stocks. 3  Not all stock funds are the same. 4  Some examples are: 5  Growth funds focus on stocks that may not pay a regular dividend but have potential for above-average financial gains.