Saturday, December 16, 2006
SEC Plans to Increase Net Worth Required to Invest in Hedge Funds
To $2.5million. I don't understand why the U.S. authorities want to keep hedge funds as a club only for the rich, which is the opposite of the trend in other countries. It is especially ridiculous given the increasing number of long-short mutual funds. Anyway, it is much easier to lose your money playing with options, borrowing to buy high-priced houses at the peak of the housing market, and in any number of other ways. Maybe some big hedge funds who won't be affected by the rule want to reduce the competition?
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2 comments:
Speaking of long short funds. I am still holding OLA. Have you noticed the decrease in discount on this OLA and the incredible NAI I mentioned in early fall. We are noot seeing the end of year sell off of closed ends this year, which is kind of a bummer as I was hoping to do a few short term trades on the usual dip. Again, congrats on reaching your goal (I think)
NAI has been great. Looks like OLA would beat the Hussman Fund (HSGFX) this year.
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