# kaal:claim:3405660-004

**Claim.** Neither national nor international regulators have the resources to fully investigate or regulate hedge fund activity, and the industry actively lobbies to preserve the resulting information asymmetries.

**Type.** failure  **Support.** asserted

**Source quote.**

> National and international regulators do not have the resources to fully investigate or regulate the activities of hedge funds. Hedge funds are lobbying to preserve information asymmetries as far as possible and avoid enhanced transparency.

**From.** Kaal, *Indirect Regulation of Hedge Funds* (2019), I. Introduction, page 4

**Cite as.** Kaal, Indirect Regulation of Hedge Funds (2019). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3405660

**Verify.** sha256 of source PDF `cf507b1833071765bc13a5605f38c2591582eca85f40869e38b6ff075c04d29d` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Indirect%20Regulation%20of%20Hedge%20Funds.pdf

**Failure mode.** regulatory resource shortfall  (family: supervisory-capacity-gap)

**Topics.** disclosure

**Keywords.** regulatory-capacity, information-asymmetry, lobbying, transparency

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