kaal:claim:2714974-024

The emergence of hedge funds as short sellers should be viewed as a positive development because it eliminates some of the market overpricing that the high costs of short selling would otherwise sustain.

Hedge funds' emergence as short sellers can be viewed as positive, eliminating some of the market overpricing due to the high costs of short selling.

Kaal and Oesterle, The History of Hedge Fund Regulation in the United States (2016), Short Selling, p. 21
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

normativesupport: arguedeconomicsprivate-funds

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