Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Portfolio > Alternative Investments > Hedge Funds

Hedge Fund Entry Still $1 Million

Your article was successfully shared with the contacts you provided.

The Securities and Exchange Commission decided not to vote on increasing the amount an investor must have to participate in a hedge fund from $1 million to $1.5 million at an open meeting December 4. The SEC was set to vote on the matter but it was deleted from the agenda for an unexplained reason. The Commission was also to consider whether to propose a new rule under the Investment Advisers Act of 1940 to prohibit advisers from making false or misleading statements to investors in certain pooled investment vehicles they manage, including hedge funds. Another open meeting is scheduled for December 13, and the issue is on the agenda.