David Kass of the CFTC
I spoke with David Kass of the CFTC yesterday in Dallas. David is the Senior Economist in the Division of Market Oversight. I wanted to know if/when we would see the minimums come down so the average guy could participate in hedge funds and commodity trading advisers. His answer somewhat surprised me. While he was not offering too much, he did note that the minimums have come down dramatically in the last few years. It was refreshing to hear him say that. Everyone should have the ability to participate in hedge funds just like they can in mutual funds. There is no truly legitimate reason to keep people out.
