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===Distributor=== A distributor is an [[underwriter]], [[broker]], [[Broker-dealer|dealer]], or other person who participates in the distribution of securities.<ref name=FATCA>{{cite web |url=http://www.pwc.com/en_US/us/asset-management/investment-management/publications/assets/pwc-fatca-proposed-regulations.pdf |title=Foreign Account Tax Compliance Act (FATCA) Proposed Treasury Regulations |publisher=PricewaterhouseCoopers LLP |access-date=31 October 2012 |page=153 |archive-url=https://web.archive.org/web/20130608070657/http://www.pwc.com/en_US/us/asset-management/investment-management/publications/assets/pwc-fatca-proposed-regulations.pdf |archive-date=8 June 2013 |url-status=live |df=dmy-all }}</ref> The distributor is also responsible for marketing the fund to potential investors. Many hedge funds do not have distributors, and in such cases, the investment manager will be responsible for the distribution of securities and marketing, though many funds also use [[placement agent]]s and broker-dealers for distribution.<ref>{{cite book |url=https://books.google.com/books?id=mCRSNZ40v6MC&q=placement+agents+hedge+fund&pg=PT158 |title=AARP Getting Started in Hedge Funds: From Launching a Hedge Fund to New Regulation, the Use of Leverage, and Top Manager Profiles |first=Daniel A. |last=Strachman |year=2011 |publisher=Wiley |page=93|isbn=978-1-118-24172-1 }}</ref><ref name=Nelken2>{{cite book |url=https://books.google.com/books?id=Hn_Qg43bKX8C&q=hedge+fund+marketing+investor+broker&pg=PA93 |title=Hedge Fund Investment Management |first=Izzy |last=Nelken |year=2005 |isbn=978-0-7506-6007-5 |publisher=Butterworth-Heinemann |page=51}}</ref>
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