# kaal:claim:2959730-035

**Claim.** A blockchain enabled fund delivers performance competitive with traditional funds: LendingRobot claims average performance of 6.86% to 9.66% depending on strategy, against an average 8.89% annualized return for a broad range of traditional hedge funds as of March 2017.

**Type.** empirical  **Support.** evidenced

**Holds when.**

- LendingRobot self reported performance
- Eurekahedge Hedge Fund Index as of March 2017

**Source quote.**

> LendingRobot claims an average performance of from 6.86% to 9.66% depending on the investment strategy selected by the clients.68 As of March 2017 an analysis of a broad range of traditional hedge funds shows an average of 8.89% annualized return.

**From.** Wulf A. Kaal, *Blockchain Applications and Fee Structure Developments in Private Investment Funds* (2017), VI. Blockchain-Enabled Pressure on Fee Structure, page 16

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

**Verify.** sha256 of source PDF `ebd86972d8817b0c1c80326ae5564476983cedba3f258ff3b2610f156b93fb50` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202017%20-%20Blockchain%20Applications%20and%20Fee%20Structure%20Developments%20in%20Private%20Investment%20Funds.pdf

**Topics.** defi, private-funds

**Keywords.** performance-comparison, lendingrobot, hedge-fund-returns, fees

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