Meet the Hedge Fund That Guarantees Clients' Money

The transcript discusses the impressive returns of a top performer, Joseph Meyer, and the red flags associated with his investment strategy. Despite astronomical returns, concerns arise due to his lack of quant experience and unusual business practices, leading to an investigation by regulators. Meyer's charisma attracts small investors, but the outdated definition of accredited investors raises further issues.

Who are the typical investors mentioned in the text?

What concerns were raised about the definition of accredited investors?