# kaal:claim:2348463-006

**Claim.** The threat of systemic risk disclosure, combined with rising competition in the distressed-debt market, could further incentivize hedge fund managers to cooperate in the bankruptcy process.

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

**Holds when.**

- increasing competition in the distressed-debt market
- credible prospect that systemic risk filings become visible in bankruptcy

**Source quote.**

> The threat of disclosure of systemic risk filings in combination with increasing competition in the distressed-debt market could further incentivize hedge fund manager cooperation in the bankruptcy process.

**From.** Wulf A. Kaal, *Hedge Funds’ Systemic Risk Disclosures in Bankruptcy* (2013), INTRODUCTION, page 6

**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.** disclosure, private-funds

**Keywords.** disclosure-threat, creditor-cooperation, distressed-debt, hedge-funds

**Superseded by.** A later claim revises this one. Prefer quoting: https://wulfkaal.github.io/claims/2998097-027

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/2998097-026

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