Kevin Quigg describes the differences between ETFs, mutual funds, and the type of person who would benefit from hedge funds. Exchange Traded Funds (ETF) is traded during the day, just as a single stock would be. Mutual funds are typically bought directly through the mutual fund manager. The price is determined by the net asset value of the securities held within the fund at the end of the trading day. Kevin Quigg describes hedge funds as different from ETFs and mutual funds as “sharp tools rather than dull instruments”. He goes on to explain that hedge funds are only available to qualified investors…those who have met certain requirements and proven themselves to be able to truly understand the amount of risk they are taking. There are also numerous restrictions with hedge funds. Listen to Miranda’s interview with Kevin Quigg and then the discussion our roundtable has immediately following. For more information, visit the show notes at http://moneytreepodcast.com/216