Making the blockchain enabled per transaction fee publicly available lets a private fund adviser set the applicable fee against a competitive market, so that investors in transaction heavy strategies agree upfront to higher fees.
Source quote, verbatim
It also can be publicly available which allows the private fund adviser to determine the applicable fee in a competitive market.65 Accordingly, clients who invest in a more transaction-prone strategy will be able to agree upfront to higher fees
From
Wulf A. Kaal, Blockchain Applications and Fee Structure Developments in Private Investment Funds (2017), VI. Blockchain-Enabled Pressure on Fee Structure, p. 15 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
per transaction fee is published or agreed with clients upfront
fee varies with strategy transaction intensity
Classification
designsupport: argueddisclosure
Related claims
extended_bykaal:claim:2998033-034 Blockchain enabled per transaction fees align fees with strategy turnover: clients in transaction intensive st...
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