# kaal:claim:2470008-008

**Claim.** Some estimates place private funds ahead of banks in size and importance during and after the financial crisis.

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

**Holds when.**

- during and after the 2008 to 2009 financial crisis

**Source quote.**

> According to some estimates, private funds surpassed banks in size and importance during and after the financial crisis.

**From.** Wulf A. Kaal, *The Systemic Risk of Private Funds after the Dodd-Frank Act* (2014), II. Systemic Risk of Private Funds

**Cite as.** Wulf A. Kaal, The Systemic Risk of Private Funds after the Dodd-Frank Act (2014). SSRN: https://ssrn.com/abstract=2470008

**Verify.** sha256 of source PDF `5f68a401c935527d89658171e9b48a4d186710459aaf2bdbead755507394e8c9` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202014%20-%20The%20Systemic%20Risk%20of%20Private%20Funds%20after%20the%20Dodd-Frank%20Act.pdf

**Topics.** private-funds

**Keywords.** private-funds, asset-management, financial-crisis, industry-growth

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