A fund's income and realized capital gains are distributed to shareholders, while unrealized capital gains are reflected in higher mutual fund share prices. Anyone can buy mutual fund shares, but hedge fund shares are generally available only to "qualified investors," defined by an annual income of at least $200,000 and financial assets of $1,000,000. [...] both hedge fund investors and mutual fund investors come out on the short end of this regulation.
The Mystique of Hedge Funds Warren C Gibson Freeman; Nov 2009; 59, 9; Docstoc pg. 20 Reproduced with permission of the copyr
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