Chapter 27 - Fund Management 27. Introduction27.a Open- End Mutual Fund27.a Closed-End Mutual Fund27.a Exchange Traded Funds27.b Undesirable Trading Behaviours27.c Net Asset Value27.d Hedge Funds27.e Hedge Fund Expected Returns and Fee Structures27.f Hedge Funds Strategies27.g Hedge Fund Performance and Measurement Bias27. Key Concepts