How is investment management different from a hedge fund?
If you’re talking about asset management firms, which should be the same thing. Your question is basically like asking, what’s the difference between investment banking and M&A. A hedge fund is just one piece that makes up what is known as asset management. Mutual funds, pension funds, etc.. are known to be under asset management. However, I suppose the major difference between hedge funds and those are that hedge funds primarily cater to accredited investors and various institutions, however a generally seen as more risky. Most hedge funds aim for absolute return rather than relative return. And also most of them employ more sophisticated methods of investment rather than say a long Mutual Fund.
