Which of the following statements is CORRECT? Select one: O a. Hedge funds pooling money from investors and mainly invest directly in companies' private equity. b. Hedge funds are legal in the United States, but they are not permitted to operate in Europe or Asia. OG Hedge funds have more in common with investment banks than with any other type of financial institution, Od. Hedge funds have more in common with commercial banks than with any other type of financial institution O Hedge funds are not as highly regulated as most other types of financial institutions. The justification for this light regulation is that only sophisticated" investors (ie., those with high net worths and high incomes) are permitted to invest in these funds, and these investors supposedly can do any necessary due diligence on their own rather than have it done by the SEC or some other regulator