kaal:claim:2715083-016

Freedom from significant regulatory oversight is what historically enabled hedge funds to run more exotic, more leveraged strategies aimed at absolute returns.

Without significant regulatory oversight, hedge funds were able to employ more exotic investment strategies involving more leverage to generate absolute returns for their investors.

Kaal, Confluence of Mutual and Private Funds (2016), IV.2 Regulation, p. 13
https://ssrn.com/abstract=2715083 · source PDF

Kaal, Confluence of Mutual and Private Funds (2016). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2715083

• hedge funds operating under securities law safe harbors before the Dodd-Frank Act

mechanismsupport: arguedregulatory-failureprivate-funds

• restates kaal:claim:2150377-001 Freedom from supervision and disclosure obligations was functional rather than incidental for hedge funds: it ...

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