Sent: January 29, 2007
Subject: File No. S7-25-06

I am totally against the raising the minimum on Hedge Fund investing. Especially removing the fixed asset portion of the equation.

Many people have non-liquid assets that should not be disqualified.

I am a fairly sophisticated investor that wants the ability to invest in Hedge Funds if I determine it will help diversify my portfolio.

Refer to John Mauldin's suggestion for a new Hedge Fund Investment Company.

Come on Big Brother back off.

Roger Fogelbach