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Strategies & Market Trends : Gorilla and King Portfolio candidates - Moderated -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Frank who wrote (127)	10/28/2003 4:34:07 PM
From: Mathemagician	Respond to of 2955

But aren't there restrictions about selling hedge fund shares? I was under the impression that they were regulated to be illiquid. The regulations are designed to keep smaller investors out of hedge funds (and by extension into mutual funds). A hedge fund marketed exclusively to accredited investors (liquid net worth 1M+ or 200k+ income for two years) and a limited number of 'semi-accredited' investors (net worth 500k+) is exempt from most regulations. Most hedge funds include provisions in the partnership agreement intended to lock-up funds for at least one year and allow redemptions only at specified dates, but this is not required and provisions are made for exceptions subject to the approval of the manager. <font face=wingdings>e</font>