# kaal:claim:2732915-020

**Claim.** Private fund advisers in the sample did not terminate existing employment relationships, and only few severed advising relationships, changed fund legal structure, liquidated positions, changed investment styles or portfolio structure, or closed funds to new investors.

**Type.** empirical  **Support.** evidenced

**Holds when.**

- N=69 survey respondents

**Source quote.**

> Private fund advisers in the sample did not terminate existing employment relationships. Few respondents severed an advising relationship, changed funds' (legal) structure, liquidated positions, changed investment styles, changed portfolio structure, or closed funds to new investors.

**From.** Wulf A. Kaal, *The Private Fund Industry Five Years after the Dodd-Frank Act – A Survey Study* (2016), V. Discussion and Conclusion, 1. Summary of Key Findings, page 36

**Cite as.** Wulf A. Kaal, The Private Fund Industry Five Years after the Dodd-Frank Act – A Survey Study (2016). SSRN: https://ssrn.com/abstract=2732915

**Verify.** sha256 of source PDF `643658c02f6625bca35595696116d0ad74d681ed8579c644832ae4a88b2a8c14` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202016%20-%20The%20Private%20Fund%20Industry%20Five%20Years%20after%20the%20Dodd-Frank%20Act%20%E2%80%93%20A%20Survey%20Study.pdf

**Topics.** risk-and-incentives, empirical-evidence

**Keywords.** adviser-behavior, survey-results, fund-structure, employment

**Superseded by.** A later claim revises this one. Prefer quoting: https://wulfkaal.github.io/claims/2739479-022

**Related claims.**

- restates: https://wulfkaal.github.io/claims/2150377-021

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