kaal:claim:2715083-030

Once a hedge fund adviser is already required to register with the SEC, the marginal regulatory burden of also running a mutual fund or retail alternative fund is small, which gives registered advisers an incentive to enter the registered fund space.

Hedge fund advisers who are required to register with the SEC have incentives to also manage mutual funds or set up retail alternative funds because the regulatory burden is minimally higher in comparison with preregistration legal requirements.

Kaal, Confluence of Mutual and Private Funds (2016), V.3 Retail Alternative Fund Growth, p. 18
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

• hedge fund advisers already subject to mandatory SEC registration

mechanismsupport: arguedsecurities-lawcompliance

• restated_by kaal:claim:2998097-036 Hedge fund advisers already required to register with the SEC have an incentive to also manage mutual funds or...

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