# kaal:claim:2748096-003

**Claim.** Public perception, rather than measured risk, is the principal driver of the hedge fund systemic risk debate and of the policy responses to it, and that perception is shaped chiefly by industry growth and by the collapse of prominent funds.

**Type.** mechanism  **Support.** asserted

**Source quote.**

> largely drives the debate on hedge funds' systemic risk and policy responses. Several core factors drive this perception, including, most prominently, the growth of the hedge fund industry and the collapse of prominent hedge funds.

**From.** Wulf A. Kaal, Timothy A. Krause, *Hedge Funds and Systemic Risk* (2016), THE DEBATE ON HEDGE FUNDS' SYSTEMIC RISK, page 3

**Cite as.** Wulf A. Kaal, Timothy A. Krause, Hedge Funds and Systemic Risk (2016). SSRN: https://ssrn.com/abstract=2748096

**Verify.** sha256 of source PDF `8f30260f2c1db728b45c4f3b9b7c64358cf9d3217277bc3c63a910c32f87b508` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Krause%20-%202016%20-%20Hedge%20Funds%20and%20Systemic%20Risk.pdf

**Topics.** private-funds, systemic-risk, risk-and-incentives

**Keywords.** hedge-funds, systemic-risk, public-perception, policy-response

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