Thursday, 26 November 2015
Last updated 1 day ago
Nov 28 2006 | 2:17pm 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…