# kaal:claim:2739479-016

**Claim.** The traditional distinction between mutual funds and private funds is dissipating: mutual funds are becoming more like hedge funds in investment strategy, while hedge funds are becoming more like mutual funds in regulatory framework.

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

**Holds when.**

- United States asset management industry after the 2008 to 2009 credit crisis

**Source quote.**

> Several factors suggest that mutual funds are becoming more like hedge funds as a matter of investment strategy, while hedge funds are becoming more like mutual funds as a matter of regulatory framework.

**From.** Wulf A. Kaal, *The Post Dodd-Frank Act Evolution of the Private Fund Industry Comparative Evidence from 2012 and 2* (2016), II.3. Confluence of Private and Mutual Funds, page 27

**Cite as.** Wulf A. Kaal, The Post Dodd-Frank Act Evolution of the Private Fund Industry Comparative Evidence from 2012 and 2 (2016). SSRN: https://ssrn.com/abstract=2739479

**Verify.** sha256 of source PDF `b2e7b81a16ab01c73478b62e85068f9dadc5cdd18427241e8bc5e8216a967730` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202016%20-%20The%20Post%20Dodd-Frank%20Act%20Evolution%20of%20the%20Private%20Fund%20Industry%20Comparative%20Evidence%20from%202012%20and%202.pdf

**Topics.** private-funds

**Keywords.** fund-convergence, mutual-funds, hedge-funds, liquid-alternatives, regulatory-framework

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/2998097-033
- restates: https://wulfkaal.github.io/claims/2715083-001
- generalizes: https://wulfkaal.github.io/claims/2811729-004

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