Hedge Fund versus Private Equity Fund

Akin to asking if a tomato is a fruit or a vegetable. (Tomatos have seeds on the inside). Or if the V-22 Osprey is an airplane or a helicopter.

For our line pilot operational point of view, "what Indigo is" does not matter. A hedge fund buys stocks, to reap returns. A PE firm buys or invests in companies themselves, to reap returns. "Turn around plays" are the targets of PE firms.

It does not matter. "Indigo Partners is an investment group" is the correct statement.