Advisor One – Since the mid-1980s, when a group of traders including Bruce Kovner, Julian Robertson, George Soros, and Paul Tudor Jones rose to fame by delivering previously unimaginable returns, the investing public has been fascinated by the world of hedge funds.
Helping to drive that allure was their exclusivity. For many years, financial regulators allowed only the wealthiest investors to put their money with these managers, and even then funds often closed themselves to new investors to avoid outgrowing their ability to generate outsized profits. While regulations have been loosened now to allow more investors into these funds, there are still significant barriers to hedge fund investing, including high fees, large minimum investments, long lockup periods, and the risk of management fraud.
