{
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 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/cost-efficiency",
 "identifier": "kaal:entity:cost-efficiency",
 "name": "Cost efficiency",
 "termCode": "cost-efficiency",
 "inDefinedTermSet": {
  "@id": "https://wulfkaal.github.io/entities/index.json"
 },
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "dateModified": "2026-07-29",
 "canonicalForm": "https://wulfkaal.github.io/entities/cost-efficiency.md",
 "sha256": "3a39f75232f10edaa100cb2c6f92acdeb5d9283cec94f7940e963354d039fbff",
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   "name": "status",
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   "value": 2
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   "@type": "PropertyValue",
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   "value": [
    "2016",
    "2017"
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 ],
 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2715083-022",
   "identifier": "kaal:claim:2715083-022",
   "text": "The cost savings of the multimanager series trust model are a confluence mechanism: they let a growing number of smaller hedge fund advisers reach retail investors by launching a mutual fund.",
   "abstract": "The cost savings associated with the multimanager series trust governance model allow the increasing number of smaller hedge fund investment advisers to attract retail investors by setting up a mutual fund.",
   "citation": "Kaal, Confluence of Mutual and Private Funds (2016). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2715083",
   "datePublished": "2016",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "smaller investment advisers by assets under management",
    "advisers seeking retail distribution"
   ],
   "source_pdf_sha256": "b5c92186260d4a8499a14f81ee24ace093b24e7740af3effcd1c526fa4fa221e",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3067615-015",
   "identifier": "kaal:claim:3067615-015",
   "text": "The trend of ICO issuance exceeding venture capital financing can be expected to continue, because ICOs allocate capital more efficiently and at lower cost.",
   "abstract": "This trend can be expected to continue given the superior allocation of capital at lower cost via ICOs.35",
   "citation": "Wulf A. Kaal, Marco Dell'Erba, Initial Coin Offerings Emerging Practices, Risk Factors, and Red Flags (2017). SSRN: https://ssrn.com/abstract=3067615",
   "datePublished": "2017",
   "claim_type": "predictive",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "crypto start-up financing after the second quarter of 2017"
   ],
   "source_pdf_sha256": "164ce15b9eb1e8847ebcb073f5b23a96b4974ad0308d77469a9455d4a1ebeb38",
   "status": "current"
  }
 ],
 "description": "2 claims in the published works of Wulf A. Kaal carry the concept tag 'cost-efficiency'. Derived node: a roster, not an adjudicated definition."
}