kaal:claim:2998033-028

The private fund industry contracted sharply in 2016: a total of 1,057 private investment funds closed down, exceeding the 1,023 liquidations of 2009 and falling just short of the record 1,471 closures in 2008.

Source quote, verbatim

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 Innovation for Private Investment Funds (2017), IV.3. Pressure on Fee Structure, p. 25
https://ssrn.com/abstract=2998033 · source PDF

Cite as

Wulf A. Kaal, Blockchain Innovation for Private Investment Funds (2017). SSRN: https://ssrn.com/abstract=2998033

Classification

empiricalsupport: evidencedeconomics

Related claims

supports kaal:claim:2959730-010 Market oversaturation increases pressure on private investment fund managers' performance and produces comprom...

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