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Open Categories Menu Most hedge funds will require investors to be “accredited investors.” In general, a natural person is deemed to be an accredited investor if (1) the natural person has an individual net worth, or joint net worth with the person’s spouse, that exceeds $1 million at the time of the purchase [...]
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Posts Tagged ‘ Section 3(c)(1) ’
2 February
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Featured, new hedge fund regulations
Hedge Fund Transparency Act Text
Below is the actual text of the Hedge Fund Transparency Act. (For the bill with page and line numbers please see: Hedge Fund Transparency Act (pdf)). **** 111TH CONGRESS 1ST SESSION S. To require hedge funds to register with the Securities and Exchange Commission, and for other purposes. IN THE [...]
14 October
Section 3(c)(1) Hedge Funds
Almost all hedge funds which trade securities are deemed to be “investment companies” under the Investment Company Act of 1940. All “investment companies” are required to register under the Investment Company Act (like all mutual funds must do) unless the “investment company” falls within an exemption from the registration provisions. [...]
