Please choose the correct ending to complete the given sentence: Finance and Business: [header] How to start a hedge fund [title] Learn the basics of a hedge fund. [step] Hedge funds are pools of investor money that use a large range of different strategies to both generate returns for investors and manage risk. Hedge funds are typically only available to sophisticated investors with large amounts of assets to invest (often over $1 million).

Ending1: Spend a considerable amount of money to start your hedge fund, by purchasing a hedge fund similar to the one you plan to invest in. [substeps] Ideally, hedge funds should be outlined in the terms of charitable foundation funding scheme, not the terms in the federal regulations. Ending2: Hedge funds are also not able to reduce monthly cost by much and do not reflect your overall data assets (money that pays when a short term investment becomes the grant of $2 million). Your analysis of your hedge fund will develop your strategy. Ending3: [substeps] Because of their enterprise-like nature, hedge funds in the world are only available to who can actually use them. The much more sophisticated hedge funds may not effectively supply financial support, marketing, and revenue. Ending4: [substeps] The term hedge fund comes from the practice of " hedging ", which is the practice of reducing risk in an asset by taking a position in a related security to offset any downward price movements. These related securities often take the form of derivatives like futures, options, and forward contracts.

Answer format: ending1/ending2/ending3/ending4