Content tagged with "finance"
Hedge Fund
This is a pooled investment fund where a group of people contribute money, and the total funds are invested with returns to be distributed. Shares in the fund can also be bought and sold. In these senses, it’s no different from a mutual fund. But there are some key differences: Hedge funds have…
SWIFT Network
This is the “internet for banks,” basically. It’s a worldwide messaging system which banks use to exchange data and payment orders. If you need to transfer money from one bank to another, this message gets sent along the SWIFT Network. SWIFT technically stands for “Society for Worldwide Interbank…
