# kaal:claim:2348463-004

**Claim.** 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.

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

**Holds when.**

- United States distressed-debt market
- period through 2007

**Source quote.**

> 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, page 2

**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

**Topics.** private-funds, economics, empirical-evidence

**Keywords.** distressed-debt, hedge-fund-strategies, market-share, empirical-data

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