kaal:claim:2811718-037

Lacking standards for private fund investor due diligence can partly be attributed to private funds' unique market position: unlike mutual funds, private funds evolved as unregistered entities free from most regulatory oversight, so their due diligence evolved without regulatory oversight as well.

Source quote, verbatim

Lacking standards for private fund IDD can partially be attributed to private funds' unique position in markets. Unlike mutual funds, private funds evolved as unregistered entities, free from most regulatory oversight. Accordingly, the private fund IDD evolved without regulatory oversight.

From

Wulf A. Kaal, Private Fund Investor Due Diligence – Evidence from 1995 to 2015 (2016), IV. Discussion, p. 60
https://ssrn.com/abstract=2811718 · source PDF

Cite as

Wulf A. Kaal, Private Fund Investor Due Diligence – Evidence from 1995 to 2015 (2016). SSRN: https://ssrn.com/abstract=2811718

Holds when

United States private funds compared to registered mutual funds

Classification

mechanismsupport: arguedprivate-funds

Related claims

restated_by kaal:claim:2998097-031 The absence of due diligence standards traces to private funds' unique market position: unlike mutual funds, p...

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