So let me get this straight! Liberal politicians love to play the class warfare game yet are obsessed with making sure that only the ultra wealthy are allowed to invest in hedge funds. Proposed new minimum investment rules that the SEC is proposing would prevent the common man from participating in literally thousands of investment funds.
Don't get me wrong - most hedge funds are nothing more than a not so fancy legal structure. Still, shouldn't people be able to invest as they see fit without big brother getting in the way.
On a slightly different note, those that say hedge funds should not be regulated because "who cares if rich people get screwed" do not hold the moral high ground either. This is equally vapid.
Does anyone have a cogent thought regarding hedge fund registration?
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