The minimum investment varies from fund to fund, and is set by the General Partner (GP). It is common for new hedge funds to open up with minimum investments of $250,000 or $500,000. Established funds can have much higher minimums; $10,000,000 is not unheard of. In most cases, the GP can waive the minimum at his sole discretion. This is often done to accommodate investors who intend to make an investment equal to or greater than the stated minimum over time, but do not want to start that high.
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