No Americans Need Apply

http://www.futureofcapitalism.com/2011/01/no-americans-need-apply

There's another investment in addition to the Goldman Sachs Facebook fund that is open to foreigners but closed to Americans, notices Jonathan Hoenig of Capitalistpig Hedge Fund LLC. It's a fund that invests in collectible classic cars like Bugattis and Bentleys. The fund blames "the potential cost and regulatory issues for both covering the SEC and tax authorities," Mr. Hoenig writes. Yet another case of the Securities and Exchange Commission "protecting" Americans by depriving them of investment opportunities that are available to non-Americans.

by Ira Stoll  |  Jan 25, 2011 at 12:10 pm Related Topics:  SEC receive the latest by email: subscribe to the free futureofcapitalism.com mailing list