Hedge funds are allowed to advertise for investors under the JOBS Act, but none of the new US hedge funds in a recent Seward & Kissel LLP study actually did so (the annual study is restricted to new funds), opting for founder capital and seed money instead. At least 40% of launches over $75 million had some amount of seed money, with a 2 – 3 year lockup on seed money being typical, and 43% of all . . .

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