kaal:claim:2748096-019

Redemption driven selling during the financial crisis of 2007-2008 was industry wide in scale: the hedge fund industry liquidated about 30 percent of its stock holdings.

Source quote, verbatim

the hedge fund industry liquidated about 30 percent of its stock holdings (Ben-David et. al. 2012).

From

Wulf A. Kaal, Timothy A. Krause, Hedge Funds and Systemic Risk (2016), Risk-Management Incentives, p. 8
https://ssrn.com/abstract=2748096 · source PDF

Cite as

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

Holds when

financial crisis of 2007-2008
driven by investor and lender redemptions and the need to liquidate positions

Classification

empiricalsupport: evidencedempirical-evidence

Verify

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Attestation record: colloquium/attestations/fdea8a6883edd1d2...json
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