We ask hedge fund managers five main questions to determine who can invest in their fund. Many prospective fund managers mistakenly believe that the “accredited investor” standard is the only required investor accreditation standard for their investors. This standard is typically based on financial threshold, which, for individuals, must have a $1 million individual or joint net worth (excluding the primary residence), or $200k annual income ($300k with a spouse), for the previous two years, with the expectation to meet or exceed this standard for the current year. However, with the recently updated expansion to the accredited investor definition, an individual may qualify as this investor standard, regardless of net worth, dependent upon meeting other specific requirements. Read our article discussing these updates here.