# kaal:claim:3405660-022

**Claim.** Indirect regulation lets hedge funds preserve the opacity their strategies require, on the condition that their counterparties rather than the funds become the primary regulatory targets.

**Type.** design  **Support.** argued

**Holds when.**

- hedge fund counterparties are made the primary regulatory targets

**Source quote.**

> Indirect regulation allows the hedge fund industry to preserve the necessary opaqueness of the activities of hedge funds if hedge fund's counterparties become the primary regulatory targets.

**From.** Kaal, *Indirect Regulation of Hedge Funds* (2019), IV. Indirect Regulation, page 19

**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

**Topics.** private-funds, dynamic-regulation

**Keywords.** indirect-regulation, hedge-fund-secrecy, counterparties, regulatory-design

**Related claims.**

- extends: https://wulfkaal.github.io/claims/1806252-004

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.