kaal:claim:2715083-010

Operating a mutual fund is materially more capital intensive than operating a hedge fund: the mutual fund adviser's required investment in trading and operational technology and in specialized staffing substantially exceeds what a hedge fund manager must spend.

Source quote, verbatim

the size of the investment in trading and operational technology and in experienced portfolio management, trading, reporting, operational, risk management, and other staffing incurred by a mutual fund adviser is materially larger than what a hedge fund manager must expend to operate its business.

From

Kaal, Confluence of Mutual and Private Funds (2016), III. Persistent Differences and Nominal Confluence, p. 8
https://ssrn.com/abstract=2715083 · source PDF

Cite as

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

Holds when

comparison of registered mutual fund advisers with unregistered hedge fund managers

Classification

mechanismsupport: arguedcomplianceprivate-funds

Verify

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