What are the differences between hedge funds and mutual funds?

[Suba]

Hedge funds and mutual funds are very popular investment platforms, and many people consider them the same because they both pool funds from the public and maintain diversified portfolios.

However, if we examine these two investment platforms more closely, we find that they are very different. Can you explain the differences between mutual funds and hedge fund?

 

[Augusta]

Mutual funds are publicly available investment products, regulated and open to daily trading. In contrast, hedge funds are private investments, accessible exclusively to accredited investors.