Whales Hedge Fund operates privately under Rule 506(b) of Regulation D, which allows us to work primarily with accredited investors who meet certain financial standards — such as having a net worth of over $1 million (excluding a primary residence) or an annual income of at least $200,000 individually ($300,000 with a spouse). Although we can accept up to 35 non-accredited but financially sophisticated investors, doing so requires additional disclosures and suitability reviews. As a result, our fund is designed mainly for accredited investors seeking professional, private investment management.