failure family
disclosure cost and burden
- simplification-burden: Requiring hedge funds to supply risk and valuation data in a simplified format would in fact impose a significant burden on the industry, since simpli
- reporting-threshold-bunching: Where the Form PF quarterly reporting threshold does influence behavior, it distorts fund size downward: a majority of the advisers who take the thres
- judge only access invites access demands: Restricting Form PF data to the eyes of the bankruptcy judge alone would create problems in the litigation process, because opposing parties may deman
- strategy replication through disclosure: Increased disclosure obligations let so-called pilot fish emulate hedge funds' investment strategies and positions, which makes those positions more e
- destruction of restructuring balance of power: There is a real risk that increased disclosure through Form PF would destroy the balance of power in the restructuring process.
- undeterminable-counterparty-exposure: Form PF's counterparty credit exposure requirement is difficult to satisfy at the source, because the exposure is highly sensitive information that in
- form-pf-ambiguity: Asked what the SEC should fix first, respondents named the burdensome nature and the ambiguity of Form PF as the most pressing issues, not the substan
- reporting-system-mismatch: For a substantial minority, existing systems fail Form PF for a specific reason: 34.78 percent of respondents said their internal reporting systems we
- outsourcing-overhead: Working with a service provider imposes its own costs: filers reported that the arrangement requires investing time and money to develop interaction p
- Public disclosure would erode strategy value: The private fund industry's central fear about Form PF was not the filing itself but eventual publicity: if the disclosures ever became public, compet