SEC Mulls How Much Is Enough For Hedge Investing

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.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...