{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/2739479-029",
 "identifier": "kaal:claim:2739479-029",
 "text": "Advisers typically try to allocate as many operating expenses as possible to the fund so that as much of the net management fee as possible becomes manager compensation, a practice that private fund investors heavily criticize.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "citation": "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",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "The Post Dodd-Frank Act Evolution of the Private Fund Industry Comparative Evidence from 2012 and 2",
  "datePublished": "2016",
  "url": "https://ssrn.com/abstract=2739479",
  "sha256": "b2e7b81a16ab01c73478b62e85068f9dadc5cdd18427241e8bc5e8216a967730",
  "encoding": "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"
 },
 "keywords": [
  "private-funds"
 ],
 "about": [
  "expense-allocation",
  "management-fee",
  "manager-compensation",
  "investor-conflicts",
  "private-funds"
 ],
 "abstract": "To ensure that as much as possible of the net management fee becomes compensation for the managers, investment advisers typically try to allocate as many operating expenses to the fund as possible.",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "claim_type",
   "value": "mechanism"
  },
  {
   "@type": "PropertyValue",
   "name": "confidence",
   "value": "asserted"
  },
  {
   "@type": "PropertyValue",
   "name": "scope_conditions",
   "value": [
    "standard private fund adviser compensation practice"
   ]
  },
  {
   "@type": "PropertyValue",
   "name": "is_failure_mode",
   "value": false
  },
  {
   "@type": "PropertyValue",
   "name": "attestations",
   "value": "https://wulfkaal.github.io/colloquium/attestations/601b62300b26fe24d103d19bc201fc3965bfd53cd6a03b6bc6b5a07c066ecbff.json"
  },
  {
   "@type": "PropertyValue",
   "name": "edges",
   "value": []
  }
 ],
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/claims/index.json"
 },
 "dateModified": "2026-07-27",
 "version": "1.0",
 "sha256": "601b62300b26fe24d103d19bc201fc3965bfd53cd6a03b6bc6b5a07c066ecbff",
 "canonicalForm": "https://wulfkaal.github.io/claims/2739479-029.md"
}