Comparison of Mutual Funds vs Hedge Funds. For each question, note whether the answer is Mutual Funds or Hedge Funds 1) Which has more latitude to invest in a wide range of securities? 2) Which is required to disclose more information on performance, investment strategy, etc? 3) Which can be purchased directly by retail investors? 4) Generally speaking, which is expected to produce higher returns for investors? Comparison of Mutual Funds vs Hedge Funds. For each question, note whether the answer is Mutual Funds or Hedge Funds 1) Which has more latitude to invest in a wide range of securities? 2) Which is required to disclose more information on performance, investment strategy, etc? 3) Which can be purchased directly by retail investors? 4) Generally speaking, which is expected to produce higher returns for investors