
HEDGE FUNDS VS. MUTUAL FUNDS
Chastened by the 2000-02 crash, the mutual fund industry has morphed into a 401(k) bureaucracy, cranking out bland diversified funds and packaging them into "life cycle" portfolios that you don't have to think much about.
Ref. https://money.cnn.com/2007/07/18/pf/funds/m...eymag/index.htm