kaal:claim:2715083-011

Private party litigation against hedge fund managers stays minimal because well counseled managers make extensive disclosures to investors who are presumed sophisticated, unlike mutual fund advisers who face ongoing high value investor suits.

By contrast, private-party litigation involving hedge fund managers is minimal because of the extent and nature of the disclosures well-counseled hedge fund managers provide to their investors

Kaal, Confluence of Mutual and Private Funds (2016), III. Persistent Differences and Nominal Confluence, p. 9
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

• U.S. hedge funds and offshore vehicles chartered in the Caymans or BVI
• assumes industry standard disclosure practice

mechanismsupport: arguedlaw-and-legal-systemsrisk-and-incentivesdisclosurecompliance

The quote above is an exact substring of the source PDF, whose sha256 is b5c92186260d4a8499a14f81ee24ace093b24e7740af3effcd1c526fa4fa221e. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/4eb04f82d9f53b73...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2715083-011.md | sha256sum