Quick question: Can anyone explain the difference between Investment Management and Hedge Funds? Going by what I've read, it seems like Hedge Funds fall under the umbrella of Investment Management, which covers a spectrum of assets, from securities to real estate. Does that seem about right? Pertaining to securities, in both areas, individuals are analyzing markets, forecasting trends, looking for investment opportunities, making long/short bets. There does not appear to be a significant difference between the two, with the exception that one deals predominately with securities whereas the other covers a bigger range of assets.
I am planning on entering b-school next year, and am contemplating a career in this area of Finance, so any help on this would be awesome!
On an unrelated note, I just wanted to say that this community is awesome! I have been lurking for quite some time and am really impressed by the people on this board. Thank you all! I hope to be in a position where I can provide meaningful insights to prospectives like me.