Nov

10

All the Same, from Kevin Eilian

November 10, 2006 |

 

SEC Plans to Raise Hedge-Fund Investing Requirements

Nov. 10 (Bloomberg) — U.S. Securities and Exchange Commission Chairman Christopher Cox said the agency will propose rules next month making it harder to invest in hedge funds. “We’re going to make it very clear that hedge funds are risky investments that are not for mom and pop by fencing it off with higher standards to accrediting investors,” Cox said in an interview today.

Nice meme imagery, “We’re going to make it very clear that hedge funds are risky investments…”

What does that mean? Leverage? Commodities? Long/short? Short only? Unlevered equity? Fixed income subordinated leverage? Not important. They’re all the same!


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