# kaal:claim:2470008-009

**Claim.** The unprecedented growth of the private fund industry combined with the low interest rate environment created by post crisis quantitative easing drove private fund managers to reach for yield.

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

**Holds when.**

- low interest rate environment following quantitative easing
- post 2009 private fund industry

**Source quote.**

> The unprecedented growth in the private fund industry in combination with the low interest rate environment following the Federal Reserve's quantitative easing after the financial crisis of 2008-09 resulted in private fund managers' increasingly "reaching for yield".

**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.** defi, tokenomics, private-funds, risk-and-incentives, systemic-risk

**Keywords.** reaching-for-yield, monetary-policy, private-funds, risk-taking, systemic-risk

**Related claims.**

- extended_by: https://wulfkaal.github.io/claims/2748096-005
- extended_by: https://wulfkaal.github.io/claims/2811729-020

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