kaal:claim:2714974-002

Qualifying for one of the Investment Company Act statutory exclusions, fewer than 100 investors or exclusively qualified purchasers, is what permits a hedge fund to use investment techniques such as shorting that are forbidden to registered investment companies.

Source quote, verbatim

A hedge fund that qualifies for one of these statutory exclusions may use investment techniques that are forbidden to the registered investment companies.

From

Kaal and Oesterle, The History of Hedge Fund Regulation in the United States (2016), THE INITIAL U.S. REGULATORY FRAMEWORK, p. 6
https://ssrn.com/abstract=2714974 · source PDF

Cite as

Kaal and Oesterle, The History of Hedge Fund Regulation in the United States (2016). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2714974

Holds when

requires fewer than 100 investors or only qualified purchasers
applies under the Investment Company Act of 1940

Classification

conditionsupport: assertedinstitutional-design

Verify

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Attestation record: colloquium/attestations/e33c28dc8f5c271c...json
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