# kaal:claim:2348463-009

**Claim.** 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.

**Type.** mechanism  **Support.** argued

**Holds when.**

- hedge funds participating as debt holders rather than as debtors

**Source quote.**

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

**From.** Wulf A. Kaal, *Hedge Funds’ Systemic Risk Disclosures in Bankruptcy* (2013), I. BANKRUPTCY DISCLOSURES, page 7

**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, systemic-risk, disclosure

**Keywords.** hedge-fund-secrecy, bankruptcy-disclosure, creditors, transparency

**Related claims.**

- extended_by: https://wulfkaal.github.io/claims/3405660-003

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.