kaal:claim:2959730-006

First time managers are disproportionately affected by the new fee environment: unlike in the recent past they are now often forced to share the business budget, such as rent and employee salaries, in order to justify a 1.5% management fee.

Source quote, verbatim

First-time or new managers are particularly affected by the new fee structure. Unlike in the recent past, first-time managers are now often forced to share the business budget (rent, employee salaries, etc.) to justify the 1.5% management fee.

From

Wulf A. Kaal, Blockchain Applications and Fee Structure Developments in Private Investment Funds (2017), II. Changing Fee Structure, p. 6
https://ssrn.com/abstract=2959730 · source PDF

Cite as

Wulf A. Kaal, Blockchain Applications and Fee Structure Developments in Private Investment Funds (2017). SSRN: https://ssrn.com/abstract=2959730

Holds when

first time or new fund managers
fund formation and seed investment negotiations

Classification

empiricalsupport: assertedinstitutional-design

Verify

The quote above is an exact substring of the source PDF, whose sha256 is ebd86972d8817b0c1c80326ae5564476983cedba3f258ff3b2610f156b93fb50. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/b061814147ffbf72...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2959730-006.md | sha256sum