March 28, 2007
Ladies and Gentlemen:
I support the SEC proposal to increase the minimum net worth and income limits for individuals to invest in alternative investment vehicles, hedge funds, etc.
Alternative investment vehicles and hedge funds are currently in vogue, and in my opinion a fad, which in time will fade and collapse.
I aplaud the SEC proposal because it will restrict investments in these type of assets to individuals who may have enough assets to provide a cushion when the current fad shifts to another type of vehicle.
L. Richard Wenzel, CFA