# kaal:claim:3409548-001

**Claim.** Hedge fund managers adopt emerging technology because it converts into a fee premium: technology driven outperformance makes them more competitive than other funds and financial institutions, which in turn lets them charge higher fees.

**Type.** mechanism  **Support.** argued

**Holds when.**

- private investment fund managers competing on performance

**Source quote.**

> Being more competitive through technology and creating higher returns for their clients, in turn, allows them to charge higher fees than traditional financial institutions.

**From.** Kaal, *Financial Technology and Hedge Funds* (2019), I. Introduction, page 3

**Cite as.** Kaal, Financial Technology and Hedge Funds (2019). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3409548

**Verify.** sha256 of source PDF `74227ab2656b06bfe4a29c942fc2ba26df9f476917e0a9f85ec038b8c3402c40` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Financial%20Technology%20and%20Hedge%20Funds.pdf

**Topics.** private-funds, economics

**Keywords.** hedge-funds, emerging-technology, fee-structure, competition

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