kaal:claim:2715083-013

The author stipulates the term nominal confluence: legal requirements that are formally identical for mutual and hedge fund managers but that operate in materially different ways in practice, so formal legal convergence overstates actual convergence.

Source quote, verbatim

The term "nominal confluence" as used herein describes otherwise identical legal requirements for mutual and hedge fund managers that can be materially different in practice.

From

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

applies where the same statute or rule governs both fund types

Classification

definitionalsupport: arguedfailure: Nominal confluencefamily: harmonization-and-standardization-failureinstitutional-design

Verify

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Attestation record: colloquium/attestations/bcf8af4f014adb82...json
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