# kaal:claim:3405660-037

**Claim.** The author concedes a standing tension: hedge funds must remain secretive because less market information about their activities is what keeps them profitable, which limits how far any transparency oriented reform can go.

**Type.** condition  **Support.** argued

**Source quote.**

> On the other hand, however, hedge funds need to remain in secrecy because the less information the market has about hedge fund's activities, the easier it is for them to stay profitable.

**From.** Kaal, *Indirect Regulation of Hedge Funds* (2019), V. Conclusion, page 26

**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, disclosure

**Keywords.** hedge-fund-secrecy, profitability, transparency, regulatory-tradeoffs

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