# kaal:claim:2715083-029

**Claim.** Merging the regulatory requirements of mutual funds with the formerly distinct rules for hedge funds creates incentives for private investment managers to launch retail alternative funds, which raises supply, then demand, and so feeds back into further confluence.

**Type.** mechanism  **Support.** argued

**Holds when.**

- post Dodd-Frank regulatory environment for private fund advisers

**Source quote.**

> Merging the regulatory requirements applicable to mutual funds with the formerly more distinct rules applicable to hedge funds creates incentives for private investment managers to set up retail alternative funds.

**From.** Kaal, *Confluence of Mutual and Private Funds* (2016), V.3 Retail Alternative Fund Growth, page 17

**Cite as.** Kaal, Confluence of Mutual and Private Funds (2016). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2715083

**Verify.** sha256 of source PDF `b5c92186260d4a8499a14f81ee24ace093b24e7740af3effcd1c526fa4fa221e` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202016%20-%20Confluence%20of%20Mutual%20and%20Private%20Funds.pdf

**Topics.** risk-and-incentives

**Keywords.** retail-alternatives, incentives, feedback-loop, regulatory-convergence

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/2998097-035

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.