Hedge Funds: Not So Glamorous After All
When thinking of elite investment vehicles, many people think of hedge funds. For the most part, hedge funds are largely unregulated because they cater to sophisticated investors. In the U.S., laws require that the majority of investors in the fund be accredited. That is, they must earn a minimum amount of money annually and have a net worth of more than $1 million, along with a significant amount of investment knowledge. You can think of hedge funds as mutual funds for the r