kaal:claim:2348463-004

The proliferation of distressed-focused hedge funds gave hedge funds roughly one quarter of the total distressed-debt market and made the distressed-focused approach the fifth-largest hedge fund strategy.

Source quote, verbatim

The proliferation of distressed-focused hedge funds resulted in hedge funds' market share of around one quarter of the total distressed-debt market 3 and established the distressed-focused strategy as the fifth-largest hedge fund strategy.

From

Wulf A. Kaal, Hedge Funds’ Systemic Risk Disclosures in Bankruptcy (2013), INTRODUCTION, p. 2
https://ssrn.com/abstract=2348463 · source PDF

Cite as

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

Holds when

United States distressed-debt market
period through 2007

Classification

empiricalsupport: evidencedprivate-fundseconomicsempirical-evidence

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