# kaal:claim:1806252-022

**Claim.** 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.

**Type.** empirical  **Support.** evidenced

**Source quote.**

> 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, page 66

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

**Verify.** sha256 of source PDF `3343ebfe05a925c3d1a75625c4b351ccff515c50819a48d155804daacf01429d` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202011%20-%20Hedge%20Fund%20Regulation%20Via%20Basel%20III.pdf

**Topics.** private-funds, economics

**Keywords.** hedge-funds, derivatives, cdo, market-share

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.