kaal:claim:1806252-022

Although hedge funds manage only a small proportion of the investment universe compared with banks, they do manage a proportionally large part of complex financial instruments such as CDOs and other derivatives.

Source quote, verbatim
However, it appears that hedge funds do manage a proportionally large part of complex financial instruments, such as CDOs and other derivatives.
From

Kaal, Hedge Fund Regulation Via Basel III (2011), V.3 Market Failure in Financial Instruments, p. 66
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

Classification

empiricalsupport: evidencedprivate-fundseconomics

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