Hedge funds try to produce above-average investment returns using tactics ranging from traditional stock-picking to complex derivative and arbitrage plays. High minimum investments, redemption restrictions and aggressive strategies make them suitable mainly for more sophisticated and well-heeled investors.

A vote of confidence from Cisco Systems can be very important to fledging technology companies, especially if they have initial public offerings on the horizon.

Don't expect Barton Biggs to be offering his market insights on 'Bloomberg News' anytime soon. His plumber, maybe.

Alex Berenson Quotes