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Question 3 (25 marks) A) Define what is hedge funds? Explain TWO (2) differences between Hedge Funds and Mutual Funds. [15 marks ] B) Operational

Question 3 (25 marks)

A) Define what is hedge funds? Explain TWO (2) differences between Hedge Funds and Mutual Funds. [15 marks

] B) Operational risk is the risk of loss resulting from inadequate or failed internal processes, people, and systems, or from external events. Explain the operational risk losses of banks and insurance companies. [10 marks]

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