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  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
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   "@id": "https://wulfkaal.github.io/claims/2739479-005",
   "identifier": "kaal:claim:2739479-005",
   "text": "Growth in the private fund industry has been concentrated among the largest advisers: assets managed by advisers with more than $5 billion in AUM grew 141 percent, compared with 53 percent for firms below $5 billion.",
   "abstract": "The larger private fund advisers have generated most of the private fund industry's growth. Assets managed by private fund ad- visers with more than $5 billion AUM have grown 141%, compared to 53% for firms with less than $5 billion.",
   "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": "empirical",
   "confidence": "evidenced",
   "is_failure_mode": false,
   "scope_conditions": [
    "private fund advisers",
    "growth measured through 2015"
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   "@id": "https://wulfkaal.github.io/claims/2739479-007",
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   "text": "As the private fund investor profile shifts toward institutional investors, fees fall; institutional investors made up 65 percent of hedge fund AUM in 2015 compared with roughly 20 percent a decade earlier.",
   "abstract": "As the investor profile for private funds shifts toward institutional investors, fees fall. Institutional investors constituted 65% of hedge fund AUM in 2015, compared to just 20% a decade ago.",
   "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",
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   "text": "The private fund industry generated a disproportionate share of asset management profits: it produced 34 percent of the industry's 2013 profits, $31.2 billion of $93.0 billion, while controlling only 4 percent of total AUM.",
   "abstract": "Although it manages only 4% of the global asset management indus- try's total AUM ($2.8 trillion out of $68.7 trillion),121 the private fund industry represented 34% of profits generated by that industry in 2013 ($31.2 billion out of $93.0 billion).",
   "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",
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   "@id": "https://wulfkaal.github.io/claims/3249860-019",
   "identifier": "kaal:claim:3249860-019",
   "text": "The tokens in the sample of the top 100 cryptocurrencies were launched between January 2009 and March 2018, with the greatest number of top 100 coins launched in a single month occurring in November 2017.",
   "abstract": "This stable growth of new coins occurred with the greatest number of the top 100 coins by month launched in November of 2017.",
   "citation": "Wulf A. Kaal, Crypto Economics - The Top 100 Token Models Compared (2018). SSRN: https://ssrn.com/abstract=3249860",
   "datePublished": "2018",
   "claim_type": "empirical",
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    "launch date measured by ICO start date or first trade date"
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3249860-027",
   "identifier": "kaal:claim:3249860-027",
   "text": "Permission to use a service via the token took over as the dominant type of underlying value in June 2017, and the author sees multiple indicia that this trend toward tokens granting rights to use services will continue.",
   "abstract": "Permission to use (a given service etc. via the token) took over as the dominant type of underlying value in June 2017. The author has seen multiple indicia that this trend towards tokens that grant rights to use services etc. will continue.",
   "citation": "Wulf A. Kaal, Crypto Economics - The Top 100 Token Models Compared (2018). SSRN: https://ssrn.com/abstract=3249860",
   "datePublished": "2018",
   "claim_type": "predictive",
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   "@id": "https://wulfkaal.github.io/claims/3249860-037",
   "identifier": "kaal:claim:3249860-037",
   "text": "The data support the conclusion that interoperability as a means of survivability dictates token design, with a majority of tokens seeking a broader base of users by making the token interoperable.",
   "abstract": "The trends in the data again support that interoperability as a means of survivability dictates token design, e.g. a majority of tokens are looking to have a broader base of individuals by making their token interoperable.",
   "citation": "Wulf A. Kaal, Crypto Economics - The Top 100 Token Models Compared (2018). SSRN: https://ssrn.com/abstract=3249860",
   "datePublished": "2018",
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3249860-044",
   "identifier": "kaal:claim:3249860-044",
   "text": "The emergence of inflationary token models and the increasing interoperability of token models are the core developments for the industry visible in the data.",
   "abstract": "The emergence of inflationary token models and the increasing interoperability of token models, visible in the data analysis, are core developments for the industry.",
   "citation": "Wulf A. Kaal, Crypto Economics - The Top 100 Token Models Compared (2018). SSRN: https://ssrn.com/abstract=3249860",
   "datePublished": "2018",
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   "text": "Increased interoperability of tokens optimizes survivability, and the data suggest token designs are increasingly focused on longer term survivability designs.",
   "abstract": "Increased interoperability of tokens optimizes survivability. Given these trends, the data seems to suggest that token designs are increasingly focused on longer terms survivability designs.",
   "citation": "Wulf A. Kaal, Crypto Economics - The Top 100 Token Models Compared (2018). SSRN: https://ssrn.com/abstract=3249860",
   "datePublished": "2018",
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   "text": "Early stage funding fell from thirty five to twenty seven percent of total VC funding as venture capitalists increasingly focused on funding later stage companies.",
   "abstract": "Early-stage funding fell from thirty-five to twenty seven percent of total VC funding as VCs increasingly focus on funding later-stage companies.",
   "citation": "Wulf A. Kaal, REPUTATION AS CAPITAL – How Decentralized Autonomous Organizations Address Shortcomings in the Ventu (2021). SSRN: https://ssrn.com/abstract=3962614",
   "datePublished": "2021",
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 "description": "9 claims in the published works of Wulf A. Kaal carry the concept tag 'market-trends'. Derived node: a roster, not an adjudicated definition."
}