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

Verify

The quote above is an exact substring of the source PDF, whose sha256 is 3343ebfe05a925c3d1a75625c4b351ccff515c50819a48d155804daacf01429d. Extraction method: ocr.
Attestation record: colloquium/attestations/0e1caf2b884ff286...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/1806252-022.md | sha256sum