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February 28, 2006
What is an accredited investor?
We keep hearing that hedge funds sell their interests only to accredited investors. Now the question is, what is the meaning of an accredited investor?
An accredited investor can be a bank or savings and loans association, any broker or dealer, an insurance company, or an investment company registered under the Investment Company Act, and so on.
Hedge funds can also be offered to non-accredited investors but in that case they have to have certain financial statements that are not required otherwise.
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