Following are questions from a friend regarding hedge funds. Since I know little about this area, can anyone please offer some help? 1. Investment period. I have heard that for most hedge funds, investors can only exit at the end of a quarter or a semi-year. Is there also a minimum investment period? That is, does an account have to stay in a particular fund for some period before it can be withdrawn? 2. Guaranteed returns. Do any hedge funds offer guaranteed returns for certain periods? If so, do they charge higher fees, or something like that, for compensation? Thanks indeed.