# Redemptions

`kaal:entity:redemptions`

**Status.** derived

This node is assembled mechanically from the 2 claims that carry the concept tag `redemptions`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

2 claims across 1 works, 2016 to 2016.

**2016**

- [2748096-019](https://wulfkaal.github.io/claims/2748096-019) [empirical/evidenced] -- Redemption driven selling during the financial crisis of 2007-2008 was industry wide in scale: the hedge fund industry liquidated about 30 percent of its stock holdings.
  > the hedge fund industry liquidated about 30 percent of its stock holdings (Ben-David et. al. 2012).
  Wulf A. Kaal, Timothy A. Krause, Hedge Funds and Systemic Risk (2016). SSRN: https://ssrn.com/abstract=2748096
- [2748096-031](https://wulfkaal.github.io/claims/2748096-031) [empirical/evidenced] -- Hedge fund redemptions and margin calls, both liquidity reducing events, were the primary drivers of asset selloffs during the financial crisis of 2007-2008, and hedge fund investors are three times more likely than mutual fund investors to withdraw capital during market downturns.
  > hedge fund redemptions and margin calls, which are liquidity reducing events, were the primary drivers of selloffs during the financial crisis of 2007-2008. They demonstrate that hedge fund investors are three times more likely to withdraw capital during market downturns
  Wulf A. Kaal, Timothy A. Krause, Hedge Funds and Systemic Risk (2016). SSRN: https://ssrn.com/abstract=2748096

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/redemptions.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.