SEC Mulls How Much Is Enough For Hedge Investing

Nov 28 2006 | 3:17pm ET

A million bucks just won’t cut it anymore if Securities and Exchange Commission Chairman Christopher Cox gets his way.

In an open meeting set for 10 AM Monday, the Commission is set to tackle the definition of “accredited investor,” the only people who are allowed to put their cash into hedge funds. Currently, $1 million in liquid assets are required to make the grade, but following a federal court’s tossing of his agency’s hedge fund registration requirement, Cox went on record favoring an increase. Numbers bandied about range from assets of $1.5 million to $2 million before you’re allowed to invest in hedge funds.

The SEC will also consider several other issues relevant to hedge funds, including tighter anti-fraud rules and amendments to rules dealing with short-selling and market manipulation in initial public offerings.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of