Hedge funds are limited to "accredited investors and purchasers" who have incomes over $1 million.

Name: Hedge funds are limited to "accredited investors and purchasers" who have incomes over $1 million.
Brand: Quizplus
Rating: 4.8 (56 reviews)

Question

Quizplus · Accepted Answer

Accredited investors are defined by the SEC as individuals with a net worth over $1 million, excluding their primary residence, or an income exceeding $200,000 ($300,000 with a spouse) in the last two years.

Hedge Funds Are Limited to "Accredited Investors and Purchasers" Who