Kaal claims by topic: private-funds, page 3

405 atomic, individually citable claims from the published work of Wulf A. Kaal tagged private-funds.

1. Indirect regulation lets hedge funds preserve the opacity their strategies require, on the condition that their counterparties rather than the funds become the primary regulatory targets. 2019
2. By letting funds implement their own risk monitoring systems, indirect regulation avoids compliance costs that would otherwise threaten the profitability needed to justify the 2 and 20 fee structure to clients. 2019
3. The author concedes a standing tension: hedge funds must remain secretive because less market information about their activities is what keeps them profitable, which limits how far any transparency oriented reform can go. 2019
4. Taking the realities of decentralization and decentralized self-custody seriously would require investment advisers to provide digital asset investment advice for a fee without ever taking custody of the assets. 2021
5. Digital asset fund valuation disputes are aggravated by nondisclosure: Polychain Capital told a redeeming investor that the fund's asset valuation policy would not be disclosed. 2022