{"gt_parse": {"text_sequence": "ibl es not easi ly con vert ed to cas h) where they have more control and i nfluence over op erations or asset m anagement to influ ence their l ong-term returns. Hedge fun ds usually focus on short or medium te rm liquid securiti es which are more quickly convertible t o cash and th ey do not have direct control over the business or asset in which th ey are investing. Both private-equity firms an d hedge funds often speciali ze in specific typ es of investment"}}