# kaal:claim:2998097-034

**Claim.** Unconstrained mutual funds carry private fund style investment strategies inside the regulatory framework of a traditional mutual fund, and they are widely offered to retail investors who would otherwise be excluded from private fund investments.

**Type.** definitional  **Support.** argued

**Holds when.**

- unconstrained mutual funds launched from 2010 through 2015

**Source quote.**

> UMFs are subject to the same regulatory framework as traditional mutual funds, and they are widely offered and available to retail investors who would otherwise be excluded from investments in private investment funds.

**From.** Wulf A. Kaal, *Private Investment Fund Regulation - Theory and Empirical Evidence from 1998 to 2016* (2017), V.1 Evidence, page 43

**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.** private-funds, systemic-risk

**Keywords.** unconstrained-mutual-funds, confluence, fixed-income, fund-classification

**Related claims.**

- restates: https://wulfkaal.github.io/claims/2811729-004
- supports: https://wulfkaal.github.io/claims/2715083-039
- extends: https://wulfkaal.github.io/claims/2811729-002

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.