kaal:claim:2811729-006

The emergence of unconstrained mutual funds is driven by market forces: post-crisis structural and regulatory changes to the capital markets, a low interest rate environment, and the growth of private funds together created and then increased retail demand for alternative mutual funds.

Structural and regulatory changes to the capital markets precipitated by the financial crisis of 2007–2008 and a low interest-rate environment, in combination with the enormous growth of private funds, created, and over time increased, the demand17 for retail "alternative" mutual funds.

Wulf A. Kaal, Unconstrained Mutual Funds and Retail Investor Protection (2016), I. Introduction, p. 7
https://ssrn.com/abstract=2811729 · source PDF

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

• United States capital markets after the 2007 to 2008 financial crisis
• sustained low interest rate conditions

mechanismsupport: argueddefiprivate-fundseconomics

• supports kaal:claim:2715083-008 Growth in retail alternatives is expected to continue rather than plateau, with projections that 15.8 percent ...
• extends kaal:claim:2715083-018 Alternative funds gave retail investors access to hedge fund strategies and higher returns than traditional mu...

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