Tài chính doanh nghiệp - Chapter seventeen: Mutual funds and hedge funds

Mutual Funds (MFs) and Hedge Funds (HFs) are financial institutions (FIs) that pool the financial resources of individuals and companies and invest those resources in portfolios of assets The first MF was established in Boston in 1924 By 1970 360 MFs held about $50 billion in assets Money market mutual funds (MMMFs) were introduced in 1970 Tax-exempt MMMFs were introduced in 1979 By 2007 more than 8,000 MFs held over $12 trillion in assets