kaal:claim:2715083-001

Confluence between mutual and hedge funds runs in two directions at once: mutual funds are converging on hedge funds along the dimension of investment strategy, while hedge funds are converging on mutual funds along the dimension of regulation.

Mutual funds are becoming more like hedge funds as a matter of investment strategy while hedge funds are becoming more like mutual funds as a matter of the regulatory framework.

Kaal, Confluence of Mutual and Private Funds (2016), I. Introduction, p. 3
https://ssrn.com/abstract=2715083 · source PDF

Kaal, Confluence of Mutual and Private Funds (2016). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2715083

• post financial crisis U.S. fund markets
• after the Dodd-Frank Act and the JOBS Act

definitionalsupport: arguedprivate-fundssecurities-law

• restated_by kaal:claim:2998097-033 Confluence runs in both directions: mutual funds are becoming more like hedge funds as a matter of investment ...
• restated_by kaal:claim:2739479-016 The traditional distinction between mutual funds and private funds is dissipating: mutual funds are becoming m...
• extended_by kaal:claim:2811729-035 The proliferation of unconstrained mutual funds has contributed to the confluence of mutual and private funds ...

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