<p>moon, please just do some research before asking (especially if you aren't going to really read what we say)</p>
<p>start here: Careers</a> in Finance</p>
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Hedge Funds are typically for sophisticated investors (i.e. Ultra High Net Work Individuals and Institutional Investors) only, where as your Private Wealth guy may cater to individuals with less wealth...
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<p>You're leaving out the largest category of investment management, which encompasses mutual funds, pension funds, other long-only asset management firms, all of which are sophisticated investors with a similar client base as hedge funds with much more money under management (ie, Fidelity, MFS, Goldman Sachs Asset Management, Morgan Stanley Asset Management, etc).</p>