# Industry growth

`kaal:entity:industry-growth`

**Status.** derived

This node is assembled mechanically from the 4 claims that carry the concept tag `industry-growth`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

4 claims across 4 works, 2014 to 2024.

**2014**

- [2470008-008](https://wulfkaal.github.io/claims/2470008-008) [empirical/evidenced] -- Some estimates place private funds ahead of banks in size and importance during and after the financial crisis.
  > According to some estimates, private funds surpassed banks in size and importance during and after the financial crisis.
  Wulf A. Kaal, The Systemic Risk of Private Funds after the Dodd-Frank Act (2014). SSRN: https://ssrn.com/abstract=2470008

**2016**

- [2748096-004](https://wulfkaal.github.io/claims/2748096-004) [empirical/evidenced] -- 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.
  > 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.
  Wulf A. Kaal, Timothy A. Krause, Hedge Funds and Systemic Risk (2016). SSRN: https://ssrn.com/abstract=2748096
- [2811718-002](https://wulfkaal.github.io/claims/2811718-002) [empirical/evidenced] -- 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.
  > 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.
  Wulf A. Kaal, Private Fund Investor Due Diligence – Evidence from 1995 to 2015 (2016). SSRN: https://ssrn.com/abstract=2811718

**2024**

- [4734750-002](https://wulfkaal.github.io/claims/4734750-002) [predictive/evidenced] -- 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.
  > the smart contracts industry is still estimated to grow to several billion dollars in the next decade
  Wulf A. Kaal, Code Review DAO (2024). SSRN: https://ssrn.com/abstract=4734750

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/industry-growth.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.