kaal:claim:2714974-005

The collapse of Long Term Capital Management in 1998 and its Federal Reserve orchestrated bailout made hedge fund risk to international markets apparent, and concerns over excessive leverage combined with a lack of transparency drove the demand for new regulation.

Concerns over excessive leverage by hedge funds and a lack of transparency led to increasing demands for new regulation.

Kaal and Oesterle, The History of Hedge Fund Regulation in the United States (2016), SEC Rules Requiring the Registration of Hedge Fund Managers, p. 8
https://ssrn.com/abstract=2714974 · source PDF

Kaal and Oesterle, The History of Hedge Fund Regulation in the United States (2016). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2714974

• applies to the post 1998 policy debate

mechanismsupport: arguedsystemic-riskrisk-and-incentivesdisclosure

The quote above is an exact substring of the source PDF, whose sha256 is 7764601d3ed5bb056b58949e8411eff9dfb9855f143719062030c980c5fa801b. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/32865753f5c83b28...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2714974-005.md | sha256sum