{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/2998097-031",
 "identifier": "kaal:claim:2998097-031",
 "text": "The absence of due diligence standards traces to private funds' unique market position: unlike mutual funds, private funds evolved as unregistered entities free from most regulatory oversight, so their investor due diligence also evolved without oversight.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "citation": "Wulf A. Kaal, Private Investment Fund Regulation - Theory and Empirical Evidence from 1998 to 2016 (2017). SSRN: https://ssrn.com/abstract=2998097",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "Private Investment Fund Regulation - Theory and Empirical Evidence from 1998 to 2016",
  "datePublished": "2017",
  "url": "https://ssrn.com/abstract=2998097",
  "sha256": "0955054f49c7011d33c285579bb046e6b284e42755b10fd2546a728c202669d5",
  "encoding": "https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202017%20-%20Private%20Investment%20Fund%20Regulation%20-%20Theory%20and%20Empirical%20Evidence%20from%201998%20to%202016.pdf"
 },
 "keywords": [
  "private-funds"
 ],
 "about": [
  "due-diligence",
  "regulatory-history",
  "unregistered-entities",
  "mutual-funds"
 ],
 "abstract": "Lack of standards for private fund investor due diligence could partially be attributed to private funds' unique position in markets—unlike mutual funds, private funds evolved as unregistered entities, free from most regulatory oversight. Accordingly, private fund investor due diligence evolved",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "claim_type",
   "value": "mechanism"
  },
  {
   "@type": "PropertyValue",
   "name": "confidence",
   "value": "argued"
  },
  {
   "@type": "PropertyValue",
   "name": "scope_conditions",
   "value": [
    "private funds compared with mutual funds",
    "United States"
   ]
  },
  {
   "@type": "PropertyValue",
   "name": "is_failure_mode",
   "value": false
  },
  {
   "@type": "PropertyValue",
   "name": "attestations",
   "value": "https://wulfkaal.github.io/colloquium/attestations/d69b1ea1264a3ab624d59ee71389ffd1b60077214b47475b64ea653579147e37.json"
  },
  {
   "@type": "PropertyValue",
   "name": "edges",
   "value": [
    {
     "rel": "restates",
     "to": "https://wulfkaal.github.io/claims/2811718-037",
     "to_id": "kaal:claim:2811718-037",
     "similarity": 0.91
    }
   ]
  }
 ],
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/claims/index.json"
 },
 "dateModified": "2026-07-27",
 "version": "1.0",
 "sha256": "d69b1ea1264a3ab624d59ee71389ffd1b60077214b47475b64ea653579147e37",
 "canonicalForm": "https://wulfkaal.github.io/claims/2998097-031.md"
}