"Banks will no longer be allowed to own,invest or sponsor hedge funds, private equity funds or proprietary trading operations for their own profit, unrelated to serving their customers,".

VOA: standard.2010.01.21

Hedge funds do not post their investments on EDGAR, so they're private.

对冲基金不在EDGAR上发布投资情况,所以他们就是私募性质

耶鲁公开课 - 金融市场课程节选

"In recent years, too many financial firms have put taxpayer money at risk by operating hedge funds and private equity funds and making riskier investments to reap a quick reward.

VOA: standard.2010.01.21