kaal:claim:1806252-010

Because hedge fund trading strategies depend on confidentiality, required disclosures that let other market participants trade along or anticipate a fund's transactions can negatively affect the fund's absolute returns.

Source quote, verbatim

If other market participants trade along or are enabled to anticipate certain transactions by a hedge fund because of required disclosures, the disclosing hedge fund may not be able to fulfill its mandate to maximize shareholders' value

From

Kaal, Hedge Fund Regulation Via Basel III (2011), V. AN ALTERNATIVE APPROACH TO HEDGE FUND REGULATION, p. 61
https://ssrn.com/abstract=1806252 · source PDF

Cite as

Kaal, Hedge Fund Regulation Via Basel III (2011). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1806252

Holds when

strategies rely on interpreting market environments not yet priced in by others

Classification

mechanismsupport: argueddisclosureprivate-funds

Verify

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