June 3, 2011
I am abslutely against the proposed rule change with Hegde funds and belive it is unfair to the average investor and smaller hedge funds. I urge you to not make the change from $1.5M to $2.0M in net worth and no longer allow the value of a persons primary residence to be included in the net worth calculation. The extra $0.5M and residential calculation does not make an investor any more intelegent and any better able to make their own personal decisions as to how to invest their money.
I am an individual investor who thinks that increasing to the net worth limit would decrease mine and other's opportunity to invest in hedge funds and is inherently unfair.