You have gained employment at a prestigious Financial Services Consultancy Firm and you will begin an internship in the Premium Family Trust Office. A client has sent some questions relating to the merits of investing in a hedge fund, or other managed fund or banking with a Credit Union, to the company. Your supervisor has asked you to prepare a comprehensive response. In your own words, identify the nature of a hedge fund, managed fund compared to a credit union that might be considered by the client. (word count 200-300)