# kaal:claim:3409548-002

**Claim.** The traditional 2 and 20 fee model has become increasingly difficult to justify, and embracing modern financial products is what allows managers to produce returns that still support that model.

**Type.** condition  **Support.** argued

**Holds when.**

- recent years of compressed hedge fund returns

**Source quote.**

> In recent years, it became increasingly more difficult to justify the 2 and 20 fee model.4 Embracing modern financial products allows them to produce returns that can still justify that fee model.

**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

**Keywords.** fee-structure, hedge-funds, emerging-technology, two-and-twenty

**Related claims.**

- extends: https://wulfkaal.github.io/claims/2959730-011

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