June 7, 2011
With the struggling economy less regulation right now is the answer. Increasing regulation and raising the limit from $1.5M to $2.0M will hurt small hedge funds and will give small investors less choice if their net worth happens to fall below the proposed $2.0M limit.
Please don't raise the limit as this is the last thing our fragile US economy needs right now. Focus instead on eliminating fraud and Ponzi schemes. Don't penalize small hedge funds that are legitimate and making their investor good returns.
Raising the limit from $1.5M to $2.0M would hurt small business this is bad for our economy see this business week article.
Please don't raise the limit from $1.5M to $2.0M. This will hurt small hedge fund businesses and this will give investors less choice as some sophisticated and intelligent investors who will now happen to fall below the new $2.0M limit will no longer have the option to invest in hedge funds and will be stuck with only mutual funds and other big bank options.
Thank you for listening to my opinion.