pension fund, money-market mutual fund, check-writing, ETF, exchange-traded fund, closed-end fund, open-end fund, redemption, counterparty risk, sponsor, custodian, custodian risk, hedge funds, hedging, speculation, exotic instruments, private equity, private equity funds, venture fund, start-up company, pre-IPO, leveraged loan, leveraged buyout, brokerage, order, order execution,