{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/2715083-020",
 "identifier": "kaal:claim:2715083-020",
 "text": "In a multimanager series trust the board is largely independent of any adviser in the fund group, because the structure is centered on an unaffiliated administrator rather than on the sponsoring investment adviser.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "citation": "Kaal, Confluence of Mutual and Private Funds (2016). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2715083",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "Confluence of Mutual and Private Funds",
  "datePublished": "2016",
  "url": "https://ssrn.com/abstract=2715083",
  "sha256": "b5c92186260d4a8499a14f81ee24ace093b24e7740af3effcd1c526fa4fa221e",
  "encoding": "https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202016%20-%20Confluence%20of%20Mutual%20and%20Private%20Funds.pdf"
 },
 "keywords": [
  "reputation",
  "corporate-governance",
  "governance-design",
  "private-funds"
 ],
 "about": [
  "multimanager-series-trust",
  "board-independence",
  "mutual-fund-governance",
  "administrator"
 ],
 "abstract": "Unlike the board in a traditional mutual fund governance setting, the board in a multimanager series trust arrangement is largely independent of any advisers within the fund group.",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "claim_type",
   "value": "mechanism"
  },
  {
   "@type": "PropertyValue",
   "name": "confidence",
   "value": "argued"
  },
  {
   "@type": "PropertyValue",
   "name": "scope_conditions",
   "value": [
    "multimanager series trust arrangements"
   ]
  },
  {
   "@type": "PropertyValue",
   "name": "is_failure_mode",
   "value": false
  },
  {
   "@type": "PropertyValue",
   "name": "attestations",
   "value": "https://wulfkaal.github.io/colloquium/attestations/88c586157ea5163426f25d7f2a9a35faefd958969539d0809b579dbc037e0956.json"
  },
  {
   "@type": "PropertyValue",
   "name": "edges",
   "value": []
  }
 ],
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/claims/index.json"
 },
 "dateModified": "2026-07-27",
 "version": "1.0",
 "sha256": "88c586157ea5163426f25d7f2a9a35faefd958969539d0809b579dbc037e0956",
 "canonicalForm": "https://wulfkaal.github.io/claims/2715083-020.md"
}