A public database of nonproprietary hedge fund information might demystify the industry, but it would not address the central policy concern that opacity creates liquidity risk.
Source quote, verbatim
Such a public database might demystify hedge funds, but it would not address the central policy concern that opacity creates liquidity risk.
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
Holds when
applies to public databases limited to nonproprietary information
Classification
failuresupport: arguedfailure: Demystification without risk reductionfamily: disclosure-ineffectivenessdisclosuredefirisk-and-incentives
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