# kaal:claim:2811729-004

**Claim.** Unconstrained mutual funds combine the regulatory structure of a mutual fund with the investment strategy of a private fund implementing a credit strategy and principally trading fixed income instruments, which lets them transcend traditional investment and legal distinctions.

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

**Holds when.**

- credit-focused unconstrained funds registered under the Company Act

**Source quote.**

> by combining the regulatory structure of a mutual fund with the investment strategy of a private fund implementing a credit strategy and principally trading fixed income instruments.

**From.** Wulf A. Kaal, *Unconstrained Mutual Funds and Retail Investor Protection* (2016), I. Introduction, page 5

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

**Verify.** sha256 of source PDF `0877b0a076f2614559cb0b1a736f73401cecbee7cfe014da6e36709208e92a74` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Anderson%20-%202016%20-%20Unconstrained%20Mutual%20Funds%20and%20Retail%20Investor%20Protection.pdf

**Topics.** regulatory-failure, private-funds

**Keywords.** regulatory-arbitrage, fund-convergence, private-funds, unconstrained-mutual-funds

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/2998097-034
- specializes: https://wulfkaal.github.io/claims/2739479-016

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