Explain the difference between how equity mutual funds generate returns for their investors, versus how private equity

Question:

Explain the difference between how equity generate returns for their investors, versus how private equity funds generate returns for their investors. Which fund do you think would be more capable of capitalizing on a weak publicly-traded firm that has ignored all forms of shareholder activism?
Mutual Funds
Mutual funds are like a pool of funds gathered by different small investors that have simalar investment perspective about returns on their investments. These funds are managed by professional investment managers who act smartly on behalf of the...