kaal:claim:2348463-009

Because creditor disclosure obligations in bankruptcy are minimal and a general statement of the type of claim often suffices, hedge funds' penchant for secrecy carries over into the bankruptcy process even when they participate as debt holders.

As a result, hedge funds' penchant for secrecy outside the bankruptcy context continues even when they participate as debt holders in bankruptcy cases.

Wulf A. Kaal, Hedge Funds’ Systemic Risk Disclosures in Bankruptcy (2013), I. BANKRUPTCY DISCLOSURES, p. 7
https://ssrn.com/abstract=2348463 · source PDF

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

• hedge funds participating as debt holders rather than as debtors

mechanismsupport: arguedprivate-fundssystemic-riskdisclosure

• extended_by kaal:claim:3405660-003 Hedge fund secrecy is not incidental but competitively necessary: the less the market knows about a fund's act...

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• Extension: Accountability, narrative reporting and legitimation