hedge funds

There is a very easy way to make opponents of capitalism go beserk. All you have to do is say two words. These are not "Adam Smith" or "market forces", but "hedge funds". We don't really understand what they do, but we don't like it.

Hedge funds were one of the fastest growing areas of financial investment until the recent financial crisis. But what exactly are these funds? Find out in part 18 of our Economics for Amateurs (EFA) series.