# kaal:claim:1428387-035

**Claim.** Limiting complex financial instruments in the portfolios of hedge funds open to retail investors, triggered once retail commitments exceed a set level of assets under management, would likely protect retail investors while limiting undue burdens on the industry.

**Type.** design  **Support.** argued

**Holds when.**

- where retail commitments exceed a threshold such as 20 percent of assets under management

**Source quote.**

> limiting complex financial instruments in portfolios of hedge funds open to retail investors, if commitments from retail investors exceed some level of assets under management, would likely protect the interests of retail investors while at the same time limiting undue burdens for the industry.

**From.** Kaal, *Hedge Fund Valuation Retailization, Regulation, and Investor Suitability* (2009), VI.E Level of Retail Investors Triggering Asset Allocation, page 51

**Cite as.** Kaal, Hedge Fund Valuation Retailization, Regulation, and Investor Suitability (2009). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1428387

**Verify.** sha256 of source PDF `6aa3a280dc6750723be2389f3af2aabf3a16c4ce20e49fcdaddd7f2ea95a67aa` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202009%20-%20Hedge%20Fund%20Valuation%20Retailization%2C%20Regulation%2C%20and%20Investor%20Suitability.pdf

**Topics.** dynamic-regulation

**Keywords.** threshold-regulation, retail-investors, asset-allocation, regulatory-design

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.