What are the key differences between mutual funds and hedge​ funds? A. Mutual fund activities are more transparent and provide a list of the assets that the particular mutual fund owns. Hedge funds are generally less regulated and take more risks for higher returns.    B. Hedge funds are usually partnerships with a relatively small number of wealthy​ investors, whereas mutual funds usually involve large number of small investors. C. A and B are correct. D. Neither​ A, nor B is correct.