kaal:claim:2715083-022

The cost savings of the multimanager series trust model are a confluence mechanism: they let a growing number of smaller hedge fund advisers reach retail investors by launching a mutual fund.

Source quote, verbatim

The cost savings associated with the multimanager series trust governance model allow the increasing number of smaller hedge fund investment advisers to attract retail investors by setting up a mutual fund.

From

Kaal, Confluence of Mutual and Private Funds (2016), IV.1 Investor Preferences, p. 12
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

smaller investment advisers by assets under management
advisers seeking retail distribution

Classification

mechanismsupport: arguedreputationeconomics

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