kaal:claim:2714974-001

The originators of the earliest U.S. hedge funds deliberately structured the funds to maximize trading freedom by minimizing exposure to federal regulation, so the industry's private, unregistered form was a design choice rather than an accident of history.

Source quote, verbatim

The originators of the early funds designed the funds to maximize their freedom to employ complex trading strategies by minimizing their exposure to regulation under various federal statutes.

From

Kaal and Oesterle, The History of Hedge Fund Regulation in the United States (2016), INTRODUCTION, p. 1
https://ssrn.com/abstract=2714974 · source PDF

Cite as

Kaal and Oesterle, The History of Hedge Fund Regulation in the United States (2016). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2714974

Holds when

applies to the founding period of the U.S. hedge fund industry in the early 1950s

Classification

mechanismsupport: assertedprivate-fundssecurities-law

Verify

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Attestation record: colloquium/attestations/8a53a08fd16e9c26...json
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