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A call to embrace tougher standards

Hedge funds may complain, but the Securities and Exchange Commission is on the right track in considering whether…

Hedge funds may complain, but the Securities and Exchange Commission is on the right track in considering whether to tighten the definition of the so-called qualified investor.
At present, an investor must have an income of $200,000 a year ($300,000 a year for a couple) or investible assets of $1 mi

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