# kaal:claim:1806252-007

**Claim.** Hedge fund managers subjected to stricter rules in one jurisdiction while competing with funds in less restrictive jurisdictions could be placed at a comparative disadvantage.

**Type.** mechanism  **Support.** argued

**Holds when.**

- managers compete for the same clients and profit margins across jurisdictions

**Source quote.**

> If hedge fund managers are subjected to stricter rules in one jurisdiction while competing for clients and profit margins with funds in jurisdictions that impose less restrictive rules, they could be at a comparative disadvantage.

**From.** Kaal, *Hedge Fund Regulation Via Basel III* (2011), III.3 Impact Assessment of Asymmetric Regulation in Dodd-Frank and the AIFM Directive, page 50

**Cite as.** Kaal, Hedge Fund Regulation Via Basel III (2011). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1806252

**Verify.** sha256 of source PDF `3343ebfe05a925c3d1a75625c4b351ccff515c50819a48d155804daacf01429d` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202011%20-%20Hedge%20Fund%20Regulation%20Via%20Basel%20III.pdf

**Topics.** regulatory-failure, private-funds

**Keywords.** regulatory-arbitrage, competitive-disadvantage, asymmetric-regulation, hedge-funds

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