The mere threat that hedge funds' Form PF systemic risk filings could become public, or be shared between the SEC and the federal bankruptcy bench, could impose some discipline on distressed debt investors' conduct in the bankruptcy process.
Source quote, verbatim
The mere threat of public access or sharing of hedge funds' systemic risk data filings in Form PF filings between the SEC and the federal bankruptcy bench could help facilitate some level of discipline for distressed debt investors' engagements in the bankruptcy process.
From
Wulf A. Kaal, Private Investment Fund Regulation - Theory and Empirical Evidence from 1998 to 2016 (2017), IV.2 Systemic Risk, p. 37 https://ssrn.com/abstract=2998097 · source PDF
Cite as
Wulf A. Kaal, Private Investment Fund Regulation - Theory and Empirical Evidence from 1998 to 2016 (2017). SSRN: https://ssrn.com/abstract=2998097
Holds when
distressed debt investing by hedge funds
overlap between Title IV disclosures and Revised Bankruptcy Rule 2019
restateskaal:claim:2348463-006 The threat of systemic risk disclosure, combined with rising competition in the distressed-debt market, could ...
supersedeskaal:claim:2348463-002 Under the regulatory framework in place at the time of writing, the threat that hedge funds' systemic risk fil...
restateskaal:claim:2348463-030 The threat that hedge fund managers' systemic risk filings could be publicly disclosed could help incentivize ...
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