# kaal:claim:2714974-008

**Claim.** Some of the most sensitive Form PF disclosures are not readily obtainable by the funds themselves: counterparty credit exposure often cannot be determined by individual fund managers, which makes the reporting requirement burdensome in practice.

**Type.** failure  **Support.** argued

**Holds when.**

- applies to Form PF counterparty credit exposure reporting

**Source quote.**

> For example, the disclosure of counterparty credit exposure is sensitive information that often cannot readily be determined by the individual fund managers.

**From.** Kaal and Oesterle, *The History of Hedge Fund Regulation in the United States* (2016), Hedge Fund Mandatory Disclosure, page 12

**Cite as.** 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

**Verify.** sha256 of source PDF `7764601d3ed5bb056b58949e8411eff9dfb9855f143719062030c980c5fa801b` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Oesterle%20-%202016%20-%20The%20History%20of%20Hedge%20Fund%20Regulation%20in%20the%20United%20States.pdf

**Failure mode.** Unobtainable counterparty exposure data  (family: data-quality-and-comparability)

**Topics.** private-funds, disclosure, risk-and-incentives, compliance

**Keywords.** form-pf, disclosure, counterparty-risk, compliance-burden

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/2732915-012
- restates: https://wulfkaal.github.io/claims/2447306-003
- restated_by: https://wulfkaal.github.io/claims/2998097-013
- contests: https://wulfkaal.github.io/claims/2447306-033

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