1. What are the differences between Hedge Funds and Mutual Funds? Specify the differences with respect to each of the following:
A. Investors
B. Regulation
C. Fees for managers
D. Risks and Investment Strategies
2. The Chester's workforce complement will grow by 10% (rounded to the nearest person) next year. Ignoring downsizing from automating, what would their total recruiting cost be? Assume Chester spends the same amount extra above the $1,000 recruiting base as they did last year.
$2,895,000
$265,000
$3,474,000
$318,000