{
 "@context": "https://schema.org",
 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/disclosure-limits",
 "identifier": "kaal:entity:disclosure-limits",
 "name": "Disclosure limits",
 "termCode": "disclosure-limits",
 "inDefinedTermSet": {
  "@id": "https://wulfkaal.github.io/entities/index.json"
 },
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "dateModified": "2026-07-29",
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 "sha256": "5c130b1cfb7495cc1d4317b092532cddaac7d35060eb71001e2354f5d129f2f8",
 "additionalProperty": [
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   "name": "status",
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   "name": "claim_count",
   "value": 2
  },
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   "value": 2
  },
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   "@type": "PropertyValue",
   "name": "year_span",
   "value": [
    "2013",
    "2016"
   ]
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   "value": 0
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 ],
 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2348463-034",
   "identifier": "kaal:claim:2348463-034",
   "text": "Systemic risk disclosures in the bankruptcy process would also not significantly change or limit hedge funds' influence in that process, nor would they protect against the misuse of confidential information.",
   "abstract": "Systemic risk disclosures in the bankruptcy process also may not significantly change or limit the influence of hedge funds in the bankruptcy process or protect against misuse of confidential information.",
   "citation": "Wulf A. Kaal, Hedge Funds’ Systemic Risk Disclosures in Bankruptcy (2013). SSRN: https://ssrn.com/abstract=2348463",
   "datePublished": "2013",
   "claim_type": "failure",
   "confidence": "argued",
   "is_failure_mode": true,
   "scope_conditions": [
    "Form PF disclosures in their current form"
   ],
   "source_pdf_sha256": "b3682f24c0b277b3307fb9f54cd17a4e0a87b48eecba34b40e189212f20c9a22",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2811729-031",
   "identifier": "kaal:claim:2811729-031",
   "text": "The broad investment authority of unconstrained mutual fund managers exposes retail investors to fluid trading and investing patterns that the average retail investor is unlikely to sufficiently appreciate, regardless of the nature and quantum of disclosure, so additional disclosure cannot close the gap.",
   "abstract": "This broad investment authority exposes retail UMF investors to fluid trading and investing patterns and behaviors that the \"average\" retail investor is unlikely to sufficiently appreciate, regardless of the nature and quantum of disclosure to the investor regarding the fund's trading and holdings.",
   "citation": "Wulf A. Kaal, Unconstrained Mutual Funds and Retail Investor Protection (2016). SSRN: https://ssrn.com/abstract=2811729",
   "datePublished": "2016",
   "claim_type": "failure",
   "confidence": "argued",
   "is_failure_mode": true,
   "scope_conditions": [
    "retail investors in funds whose managers hold broad go anywhere authority"
   ],
   "source_pdf_sha256": "0877b0a076f2614559cb0b1a736f73401cecbee7cfe014da6e36709208e92a74",
   "status": "current"
  }
 ],
 "description": "2 claims in the published works of Wulf A. Kaal carry the concept tag 'disclosure-limits'. Derived node: a roster, not an adjudicated definition."
}