From: Herbert Walker
I agree with the increase to $2.5 million for fund investors' net worth, but disagree that that increased figure be exclusive of the equity in a primary residence. If I own real property worth $2.5 million, mortgage-free, that would shield me from a catastrophic loss in a hedge fund or other alternative investment. Increase the net-worth requirement, but allow the net worth of real property to be included. Herbert Walker |