What can you do in hedge funds that you can't in mutual funds?

Hedge funds offer a much wider range of investment opportunities than mutual funds. Hedge funds can engage in a variety of strategies, including short selling, leverage, arbitrage and derivatives trading, while mutual funds are generally limited to investing in stocks, bonds, cash and other liquid assets. Hedge funds also tend to have far less regulation than mutual funds and thus have more autonomy when it comes to taking risks. Additionally, hedge funds also provide more flexibility when it comes to the fees charged to clients, allowing for performance-based fees. Finally, hedge funds often have more personalized advice and investment opportunities, allowing more options for investors.