kaal:claim:2959730-009

Market evidence of pressure on the fee structure includes investor withdrawals of $70.1 billion from the private investment fund industry in 2016 and 1,057 fund closures in 2016, exceeding the 1,023 liquidations in 2009 and approaching the record 1,471 closures in 2008.

Source quote, verbatim

Private fund investors withdrew $70.1 billion from the private investment fund industry in 2016.24 In 2016 a total of 1,057 private investment funds closed down, exceeding the 1,023 liquidations of private investment funds in 2009, and falling just shy of the record 1,471 closures in 2008.

From

Wulf A. Kaal, Blockchain Applications and Fee Structure Developments in Private Investment Funds (2017), III. Factors Creating Downward Pressure on Fees, p. 8
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

calendar year 2016 compared with 2008 and 2009

Classification

empiricalsupport: evidencedinstitutional-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/fdb27c1fe5c6d32a...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2959730-009.md | sha256sum