Confluence of Mutual and Private Funds

Elgar Handbook on Mutual Funds, 2016

26 Pages Posted: 15 Jan 2016 Last revised: 6 Aug 2016

See all articles by Wulf A. Kaal

Wulf A. Kaal

University of St. Thomas, Minnesota - School of Law

Date Written: January 13, 2016

Abstract

The growth of the hedge fund industry and the proliferation of retail alternative funds in combination with the fundamental reshaping of the regulatory landscape for the hedge fund industry 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 the regulatory framework. The chapter conceptualizes confluence as an emerging process and shows that confluence of mutual and hedge funds has implications for the evolution of the hedge fund industry, the governance of the mutual fund industry, the growth of the retail alternative fund market, and the structure of federal securities regulation.

Keywords: Private Fund, Mutual Fund, Hedge Funds, Hybrid Funds, Liquid Alternative Assets, Retail Alternative Funds, Asset Classes, Proliferation, Confluence, Investment Styles, Securities Regulation

JEL Classification: F33, G15, G23, G28, K22

Suggested Citation

Kaal, Wulf A., Confluence of Mutual and Private Funds (January 13, 2016). Elgar Handbook on Mutual Funds, 2016, Available at SSRN: https://ssrn.com/abstract=2715083

Wulf A. Kaal (Contact Author)

University of St. Thomas, Minnesota - School of Law ( email )

MSL 400, 1000 La Salle Avenue
Minneapolis, MN Minnesota 55403-2005
United States

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