kaal:claim:2715083-023

The inherent conflict of interest facing an adviser who simultaneously runs a mutual fund and a hedge fund is an important limiting factor on the continued rise of side-by-side management.

An important limiting factor in the steady rise of side-by-side management is the inherent conflict of interest for the investment manager (SEC (2003), Chen & Chen (2009) and Cici et al. (2010)).

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

• side-by-side management of a mutual fund and a hedge fund by the same adviser

failuresupport: arguedfailure: Side-by-side management conflictfamily: agency-cost-and-managerial-opportunismcorporate-governancerisk-and-incentives

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