SIPC covers up to the first $500k per account. Not much to a hedge fund, but a lot to a small fry like me. It's not so much as the insurance coverage, anyway,

SIPC covers up to the first $500k per account. Not much to a hedge fund, but a lot to a small fry like me. It's not so much as the insurance coverage, anyway, so much of the vote of confidence that an insurer is willing to cover them.