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________ raise capital mainly from high net-worth individuals, and they are generally privately held

User Tiro
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The answer to this question is hedge-fund. In hedge-fun, the capital owner isn't involved in determining to which companies the money will be invested into. All hedge-funes usually appoint one hedge-fund manager that will be responsible in calculating all the risk and opportunities from potential investment and use the accumulated capital to buy ownership.
User Daniel Dinnyes
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