Whats the main reason that there are more instances of hedge funds losing more than 80% of their value within a few months, compared to mutual funds?

A.Hedge funds are able to leverage their investments through substantial borrowing, and to short sell securities

B.Regulations forbid a mutual fund from taking the risk of losing more than 25% per year

C.Hedge funds buy much riskier stocks than mutual funds

D.If a mutual funds portfolio falls more than 50% investors are insured against further losses by the Securities Investor Protection Corporation

E.Hedge funds buy stocks in IPOs more so than mutual funds, and sometimes stocks drop a lot after IPOs