From: Dan Joldzic, CFA
Sent: February 8, 2007
Subject: File No. S7-25-06

Dear Sir or Madam,

I am writing to oppose the proposal of increasing the rules governing accredited investors to a liquid worth of $2.5 MM. Asset base should not be the sole rationale for allowing participation in what may be the most rewarding investment class. There should be consideration as to how these vehicles can be offered to a larger public as opposed to limiting the scope to the wealthy. I agree, that education is essential for participation in hedge funds but wealth should not be the only proxy for sophistication. A potential solution would be participation through investment management/consultant accounts but this also will limit the scope to the wealthy. I hope, in time, a solution will be proposed that will limit restrictions on hedge funds and open their participation to the greater public.


Dan Joldzic, CFA
Research Analyst
Blend Strategies