Many European countries – France, Ireland, Germany, Switzerland, the Netherlands and Luxemboug – are allowing investors with only a few thousand dollars to invest in hedge funds, The Wall Street Journal reports. This is a far cry from the requirements in the U.S. that an investor by accredited with a minimum net worth of $1 million or more and have earned $200,000 or more in the past two years.

Deutsche Bank just launched a hedge fund-of-fund in Germany, and Allianz, Pioneer Investments and ABN Amro are expected to soon do the same.

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