# kaal:claim:2348463-002

**Claim.** Under the regulatory framework in place at the time of writing, the threat that hedge funds' systemic risk filings could be publicly disclosed through the bankruptcy process will affect hedge funds' tactics and their role in distressed investing only marginally.

**Type.** predictive  **Support.** argued

**Holds when.**

- current regulatory framework as of 2013 to 2014
- Form PF disclosures not yet standardized by the SEC

**Source quote.**

> In the current regulatory framework, the threat of public disclosure of systemic risk filings by hedge funds via the bankruptcy process may only marginally affect hedge funds' tactics and their role in distressed investing.

**From.** Wulf A. Kaal, *Hedge Funds’ Systemic Risk Disclosures in Bankruptcy* (2013), ABSTRACT, page 1

**Cite as.** Wulf A. Kaal, Hedge Funds’ Systemic Risk Disclosures in Bankruptcy (2013). SSRN: https://ssrn.com/abstract=2348463

**Verify.** sha256 of source PDF `b3682f24c0b277b3307fb9f54cd17a4e0a87b48eecba34b40e189212f20c9a22` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202013%20-%20Hedge%20Funds%E2%80%99%20Systemic%20Risk%20Disclosures%20in%20Bankruptcy.pdf

**Failure mode.** marginal deterrence from disclosure threat  (family: disclosure-ineffectiveness)

**Topics.** systemic-risk, disclosure, risk-and-incentives, private-funds

**Keywords.** systemic-risk-disclosure, distressed-investing, deterrence, form-pf, bankruptcy

**Superseded by.** A later claim revises this one. Prefer quoting: https://wulfkaal.github.io/claims/2998097-026

**Related claims.**

- extended_by: https://wulfkaal.github.io/claims/2998097-027

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