Why The New Accredited Investor Definition Won’t Increase Access To Hedge Funds
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The Securities and Exchange Commission recently changed its official definition for what an accredited investor is, has been in discussion for years. On paper, that means more investors have access to hedge funds and other private funds and startups. However, that may not necessarily be a good thing for investors, and smaller hedge funds may not benefit either.

James Angel, associate professor at the McDonough School of Business at Georgetown University, from … [+]