来自《耶鲁大学开放课程：金融市场 第8集 第8集》
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A natural person refers to a human being,一个自然人指一个人 -
so it's $5 million for natural persons一个自然人需要500万美元 -
and $25 million for institutions.而一个机构则需要2500万美元 -
So, if you're a small因此 如果是一个 -
college with only $20 million in a portfolio只有2000万资产组合的小学院 -
you don't come across as a qualified purchaser.是不能通过合格购买者的审核程序的 -
They're trying to protect innocent,这是在保护只有2000万美元的小学院 -
small colleges who only have $20 million dollars.他们缺乏经验 -
The idea is that people who don't have much money那些钱不足以支付昂贵律师费 -
can't afford expensive lawyers and they can't figure it out无法解决资金问题的人 -
and they really shouldn't be investing in hedge funds.实在不该投资对冲基金 -
These public-private distinctions are onerous公共和私募公司之间的划分有些繁琐