# kaal:claim:2998033-028

**Claim.** 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.

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

**Source quote.**

> 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, page 25

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

**Verify.** sha256 of source PDF `aafb1be3c25cd33da477d759df9ca2f856f0a8fe133d6396da2e75d0af573dbd` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202017%20-%20Blockchain%20Innovation%20for%20Private%20Investment%20Funds.pdf

**Topics.** economics

**Keywords.** fund-liquidations, industry-contraction, market-saturation, fee-pressure

**Related claims.**

- supports: https://wulfkaal.github.io/claims/2959730-010

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