# kaal:claim:2998097-032

**Claim.** Private investment fund due diligence may follow the same trajectory as banks' risk evaluation, which moved from unstandardized general strategies in the early 2000s to a heavily regulated and scientific practice today.

**Type.** predictive  **Support.** speculative

**Holds when.**

- analogy to the evolution of bank risk evaluation

**Source quote.**

> investment fund due diligence may follow the same evolution as banks' risk evaluation. Whereas in the early 2000s banks operated with general risk evaluation strategies but no uniformity and no applicable standards, today banks' risk evaluation is heavily regulated and turned into a science.

**From.** Wulf A. Kaal, *Private Investment Fund Regulation - Theory and Empirical Evidence from 1998 to 2016* (2017), IV.3 Private Fund Investor Due Diligence, page 40

**Cite as.** Wulf A. Kaal, Private Investment Fund Regulation - Theory and Empirical Evidence from 1998 to 2016 (2017). SSRN: https://ssrn.com/abstract=2998097

**Verify.** sha256 of source PDF `0955054f49c7011d33c285579bb046e6b284e42755b10fd2546a728c202669d5` at 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

**Topics.** systemic-risk, economics, risk-and-incentives

**Keywords.** due-diligence, standardization, bank-risk-evaluation, prediction

**Related claims.**

- restates: https://wulfkaal.github.io/claims/2811718-038

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