Financial wizard needed ...

I have some shares which are being reorganised and I've no idea which conversion option(s) to go for. The options are:

UK equity shares
Global equity shares
Managed Liquidity Shares
Hedge Fund Shares
Cash

Will probably take some cash and I'm very happy to split my current holding between the options; can anyone give me a rough idea, in plain, simple English, of whether one or other type of share is higher risk, gives better returns etc. Obviously I do realise that all are at the mercy of the markets generally but it'd be great to know if it's better to split equally between the options or put more in one than the others.

Thanks in advance.

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