January 26, 2007
I believe that limiting any type of investment based on how much money a person owns is unfair and discriminatory. The amount of money a person has to lose should not be used as a measure of that person's sophistication as an investor.
Moreover, I think that it is inaccurate to say that investing in a hedge fund is more risky than investing in any of the commonly available asset classes, such as stock, options, futures, bonds, real estate, etc.
We should make hedge funds available to all investors and perhaps provide a new type of investment called a "Hedge Fund Investment Company" as described by John Mauldin (http://www.investorsinsight.com/thoughts_va.aspx?EditionID=460) to provide more SEC oversight and transparency for these more accessible hedge funds.