kaal:claim:2748096-031

Hedge fund redemptions and margin calls, both liquidity reducing events, were the primary drivers of asset selloffs during the financial crisis of 2007-2008, and hedge fund investors are three times more likely than mutual fund investors to withdraw capital during market downturns.

hedge fund redemptions and margin calls, which are liquidity reducing events, were the primary drivers of selloffs during the financial crisis of 2007-2008. They demonstrate that hedge fund investors are three times more likely to withdraw capital during market downturns

Wulf A. Kaal, Timothy A. Krause, Hedge Funds and Systemic Risk (2016), POST-CRISIS EVIDENCE ON THE SYSTEMIC RISK OF HEDGE FUNDS, p. 13
https://ssrn.com/abstract=2748096 · source PDF

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

• financial crisis of 2007-2008
• comparison group is mutual fund investors

empiricalsupport: evidencedrisk-and-incentives

The quote above is an exact substring of the source PDF, whose sha256 is 8f30260f2c1db728b45c4f3b9b7c64358cf9d3217277bc3c63a910c32f87b508. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/effb9437236b20c0...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2748096-031.md | sha256sum