Ch 12: DPPs, REITs & Hedge Funds
About This Chapter
DPPs, REITs & Hedge Funds - Chapter Summary
If you're looking to deepen your knowledge of DPPs, REITs and hedge funds, you've reached the right place! This chapter goes over important definitions, descriptions and examples that can quickly strengthen your comprehension. After studying the lessons, you should be ready to:
- Define and list types of direct participation programs (DPPs)
- Share the meaning and discuss types of real estate investment trusts (REITs)
- Explain the structure and give examples of a hedge fund
- Discuss minimum investments, private equity and liquidity in hedge funds
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1. Direct Participation Programs (DPPs): Types, Risks & Advantages
Direct participation programs are companies where small investors can make direct investments in different businesses. They are unregulated and can be high risk, but allow investors direct participation in the rewards of the business.

2. Real Estate Investment Trusts (REITs): Definition & Types
Real estate investment seminars advertising that you can '~'get rich quick'~' are everywhere. For those wanting to invest in real estate, a trust may be a safer bet. This lesson will introduce you to Real Estate Investment Trusts (REITs), explain the different types, and explain how to get started investing.

3. What Is a Hedge Fund? - Definition, Structure & Examples
A hedge fund uses both traditional and unconventional investing methods to encourage company growth. In this lesson, explore the definition of a hedge fun, including its structure, strategy examples, and the distinction between hedge funds and mutual funds.

4. Hedge Funds: Minimum Investment, Private Equity & Liquidity
In this lesson, you will learn the characteristics of hedge funds. The features and properties of this distinct private investment, including minimum investments and liquidity, will be explained.
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Other Chapters
Other chapters within the SIE Exam Study Guide course
- Federal Laws & Regulations in the Securities Industry
- Regulatory Entities & Agencies
- Market Participants & Structure
- Federal Reserve & Market Impacts
- Economic Factors
- Offerings in the Securities Industry
- Equity Securities
- Debt Instruments
- Options in the Financial Industry
- Investment Companies & Packaged Products
- Municipal Fund Securities
- Exchange-Traded Products (ETPs)
- Overview of Investment Risks
- Trading Orders & Strategies
- Investment Returns & Trade Settlement
- Corporate Actions
- Customer Account Types & Registrations
- Anti-Money Laundering (AML)
- Books, Records & Privacy in Finance
- Public Communications & Suitability Requirements
- Prohibited Activities in the Financial Industry
- Regulatory Framework in the Security Industry