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 "identifier": "kaal:entity:liquid-alternatives",
 "name": "Liquid alternatives",
 "termCode": "liquid-alternatives",
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 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
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  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2715083-006",
   "identifier": "kaal:claim:2715083-006",
   "text": "The author stipulates that retail alternative funds are funds regulated under the Investment Company Act that attempt to replicate private fund strategies, including leverage, derivatives, short selling, and nontraditional asset classes; this definition carries the chapter's confluence analysis.",
   "abstract": "\"retail alternatives funds\" are defined as regulated funds under the investment company act that attempt to replicate the strategies of the private fund industry - including use of leverage, derivatives, short- selling and purchase of nontraditional asset classes.",
   "citation": "Kaal, Confluence of Mutual and Private Funds (2016). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2715083",
   "datePublished": "2016",
   "claim_type": "definitional",
   "confidence": "asserted",
   "is_failure_mode": false,
   "scope_conditions": [
    "as used throughout this chapter",
    "covers liquid alternatives, unconstrained funds, alternative mutual funds, and synthetic hedge funds"
   ],
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   "status": "current"
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2715083-024",
   "identifier": "kaal:claim:2715083-024",
   "text": "The subadvisory route leaves a regulatory gap: none of the mutual fund manager's obligations, such as daily valuation, public and SEC reporting, or independent boards, reach the private fund adviser serving as subadviser.",
   "abstract": "none of the mutual fund manager's regulatory obligations (such as daily valuation, public/SEC reporting, independent boards, etc.) apply to the private fund subadviser.",
   "citation": "Kaal, Confluence of Mutual and Private Funds (2016). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2715083",
   "datePublished": "2016",
   "claim_type": "failure",
   "confidence": "asserted",
   "is_failure_mode": true,
   "scope_conditions": [
    "private fund managers subadvising a mutual fund, subfund, or account"
   ],
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  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2739479-016",
   "identifier": "kaal:claim:2739479-016",
   "text": "The traditional distinction between mutual funds and private funds is dissipating: mutual funds are becoming more like hedge funds in investment strategy, while hedge funds are becoming more like mutual funds in regulatory framework.",
   "abstract": "Several factors suggest that mutual funds are becoming more like hedge funds as a matter of investment strategy, while hedge funds are becoming more like mutual funds as a matter of regulatory framework.",
   "citation": "Wulf A. Kaal, The Post Dodd-Frank Act Evolution of the Private Fund Industry Comparative Evidence from 2012 and 2 (2016). SSRN: https://ssrn.com/abstract=2739479",
   "datePublished": "2016",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "United States asset management industry after the 2008 to 2009 credit crisis"
   ],
   "source_pdf_sha256": "b2e7b81a16ab01c73478b62e85068f9dadc5cdd18427241e8bc5e8216a967730",
   "status": "current"
  }
 ],
 "description": "3 claims in the published works of Wulf A. Kaal carry the concept tag 'liquid-alternatives'. Derived node: a roster, not an adjudicated definition."
}