kaal:claim:2811729-003

The authors stipulate that an unconstrained mutual fund strategy is generally not tethered to any benchmark and instead gives the manager operational freedom to pursue risk-adjusted returns using any debt instruments or securities, regardless of issuer, sector, jurisdiction, liquidity, or quality.

Source quote, verbatim
strategy that generally is not tethered to any benchmark. Instead, the strategy provides the manager with the operational freedom to pursue risk- adjusted returns using any debt instruments or securities, regardless of issuer, sector, jurisdiction, liquidity or quality.
From

Wulf A. Kaal, Unconstrained Mutual Funds and Retail Investor Protection (2016), I. Introduction, footnote 1, p. 3
https://ssrn.com/abstract=2811729 · source PDF

Cite as

Wulf A. Kaal, Unconstrained Mutual Funds and Retail Investor Protection (2016). SSRN: https://ssrn.com/abstract=2811729

Holds when
Classification

definitionalsupport: assertedprivate-funds

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