The world’s largest asset manager, Man Group, plans to list a hedge fund on the New York Stock Exchange for the first time, in a ploy to get more money from U.S. investors, according to the Wall Street Journal.A trend is occurring in the industry that has hedge fund managers increasing their assets through closed-end fund vehicles that can be bought by both institutional and individual investors and bypass regulatory restrictions on direct hedge-fund investments.

The Securities and Exchange Commission wants to raise the bar for hedge fund investors, and is proposing that individuals have $2.5 million in investable assets, instead of the current $1 million requirement.

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