kaal:claim:1428387-015

Post-1998 hedge fund regulatory proposals were misdirected because LTCM was unique among its peers in leverage, position size, and market-making ability, so the proposals mostly addressed LTCM as a single case rather than the range of issues affecting all hedge funds.

Source quote, verbatim

Because LTCM was so unique among its peers due to its leverage, the size of its positions and its market making abilities, regulatory proposals mostly addressed LCTM as a single case119 rather than the range of issues pertaining to all hedge funds.

From

Kaal, Hedge Fund Valuation Retailization, Regulation, and Investor Suitability (2009), IV.A Regulatory Recognition of Retailization, p. 22
https://ssrn.com/abstract=1428387 · source PDF

Cite as

Kaal, Hedge Fund Valuation Retailization, Regulation, and Investor Suitability (2009). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1428387

Holds when

regulatory proposals issued in the aftermath of the LTCM near-collapse

Classification

failuresupport: arguedfailure: single-case-regulationfamily: sample-and-selection-biasprivate-funds

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