February 1, 2007
This comment is in regard to the proposed rule to raise the minimum net-worth requirement for investing in hedge funds. I oppose any net-worth requirements for investing in hedge funds. I believe anyone can learn to successfully invest their money no matter what their amount of starting capital is and the government should not be the arbiter of what they can and cannot invest in.
I support a proposed solution to do away with mandatory investment minimums put forth by John Mauldin. This involves the creation of Hedge Fund Investment Companies (HFIC). The details are given in his January 26, 2007 Thoughts from the Frontline article which can be found at the following link.
Thoughts From The Frontline
A New Definition of Rich