{
 "@context": "https://schema.org",
 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/industry-growth",
 "identifier": "kaal:entity:industry-growth",
 "name": "Industry growth",
 "termCode": "industry-growth",
 "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/industry-growth.md",
 "sha256": "fcd515c750545965532fb94c9a52f3e696c54d3ba0a0f59610b36a5b9b7eff64",
 "additionalProperty": [
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   "@type": "PropertyValue",
   "name": "status",
   "value": "derived"
  },
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   "@type": "PropertyValue",
   "name": "claim_count",
   "value": 4
  },
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   "@type": "PropertyValue",
   "name": "work_count",
   "value": 4
  },
  {
   "@type": "PropertyValue",
   "name": "year_span",
   "value": [
    "2014",
    "2024"
   ]
  },
  {
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   "name": "non_current_claims",
   "value": 0
  }
 ],
 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2470008-008",
   "identifier": "kaal:claim:2470008-008",
   "text": "Some estimates place private funds ahead of banks in size and importance during and after the financial crisis.",
   "abstract": "According to some estimates, private funds surpassed banks in size and importance during and after the financial crisis.",
   "citation": "Wulf A. Kaal, The Systemic Risk of Private Funds after the Dodd-Frank Act (2014). SSRN: https://ssrn.com/abstract=2470008",
   "datePublished": "2014",
   "claim_type": "empirical",
   "confidence": "evidenced",
   "is_failure_mode": false,
   "scope_conditions": [
    "during and after the 2008 to 2009 financial crisis"
   ],
   "source_pdf_sha256": "5f68a401c935527d89658171e9b48a4d186710459aaf2bdbead755507394e8c9",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2748096-004",
   "identifier": "kaal:claim:2748096-004",
   "text": "Hedge fund assets under management grew from $118 billion at the end of 1997 to more than $2.7 trillion by the end of 2014, a compound annual growth rate of 19 percent.",
   "abstract": "assets under management (AUM) at hedge funds grew from $118 billion at the end of 1997 to more than $2.7 trillion by the end of 2014 (BarclayHedge 2016). This change represents a compound annual growth of 19 percent.",
   "citation": "Wulf A. Kaal, Timothy A. Krause, Hedge Funds and Systemic Risk (2016). SSRN: https://ssrn.com/abstract=2748096",
   "datePublished": "2016",
   "claim_type": "empirical",
   "confidence": "evidenced",
   "is_failure_mode": false,
   "scope_conditions": [
    "global hedge fund industry, 1997 to 2014",
    "BarclayHedge data"
   ],
   "source_pdf_sha256": "8f30260f2c1db728b45c4f3b9b7c64358cf9d3217277bc3c63a910c32f87b508",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2811718-002",
   "identifier": "kaal:claim:2811718-002",
   "text": "The private fund industry grew by 26 percent between 2013 and 2015, rising from just above 2 trillion dollars in assets under management to 2.7 trillion dollars.",
   "abstract": "Between 2013 and 2015, the private fund industry grew by 26%, increasing from just above $2 trillion AUM in 2013 to $2.7 trillion AUM through 2015.",
   "citation": "Wulf A. Kaal, Private Fund Investor Due Diligence – Evidence from 1995 to 2015 (2016). SSRN: https://ssrn.com/abstract=2811718",
   "datePublished": "2016",
   "claim_type": "empirical",
   "confidence": "evidenced",
   "is_failure_mode": false,
   "scope_conditions": [
    "2013 to 2015",
    "hedge fund industry assets under management as reported by BarclayHedge"
   ],
   "source_pdf_sha256": "b52152af561288173840a1cabbcf8f4b337e73507c856ee01600799073f4156f",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/4734750-002",
   "identifier": "kaal:claim:4734750-002",
   "text": "The smart contract industry is still projected to grow to several billion dollars over the next decade even though security audit costs and exploit losses are substantial, so vulnerability costs slow but do not halt industry growth.",
   "abstract": "the smart contracts industry is still estimated to grow to several billion dollars in the next decade",
   "citation": "Wulf A. Kaal, Code Review DAO (2024). SSRN: https://ssrn.com/abstract=4734750",
   "datePublished": "2024",
   "claim_type": "predictive",
   "confidence": "evidenced",
   "is_failure_mode": false,
   "scope_conditions": [
    "smart contract industry through roughly 2032"
   ],
   "source_pdf_sha256": "60eadf91c0913468505afc664c8d8d1e1673d6c5326d031ca7060addb8ab2eda",
   "status": "current"
  }
 ],
 "description": "4 claims in the published works of Wulf A. Kaal carry the concept tag 'industry-growth'. Derived node: a roster, not an adjudicated definition."
}