Investments by wealthy individuals and endowments is a major source of money for each of the following EXCEPT:

A mutual fund is nothing but the system of Money management which is introduced by professionally investing money which is pick up form the public.

Mutual Fund are basically of two types such as:

Close-ended Fund: This fund has a specific period of maturity which generally ranging from three to fifteen years.
Open-ended Fund: An open-ended fund is one that available for subscription through all year.

A mutual fund business is to investment of the funds afterward, accumulate according to the investor's demand who created the pool.

Therefore, we can conclude that the correct option is D,

Your question is incomplete, but most probably your full question was:

Investments by wealthy individuals and endowments is a major source of money for each of the following EXCEPT ________.

A) private equity funds

B) hedge funds

C) venture capital funds

D) mutual funds

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