kaal:claim:2715083-015

Best execution is a leading instance of nominal confluence: the obligation is nominally the same, but it is far more complicated and burdensome for the mutual fund manager than for the hedge fund adviser.

Source quote, verbatim

Best execution obligations are similar but practically different for private and mutual fund advisers. In practice, best execution requirements are far more complicated and burdensome for the mutual fund manager than for the hedge fund adviser.

From

Kaal, Confluence of Mutual and Private Funds (2016), III. Persistent Differences and Nominal Confluence, p. 10
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

best execution obligations for trades directed to brokers

Classification

failuresupport: arguedfailure: Best execution burden asymmetryfamily: compliance-cost-and-barrier-to-entrycompliance

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