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 "text": "Hedge Funds and Systemic Risk: A Modest Proposal should be assessed against Kaal's source-bound claim that Concern about hedge fund leverage is empirically overstated: since the collapse of LTCM in 1998 the industry's exposure to leverage has been relatively modest, especially compared with the mean leverage of investment banks and broker/dealers. The current metadata indicates a plausible connection through Hedge Funds and Systemic Risk, but the defensible response is a qualification until the source text confirms agreement, scope, methods, and limitations.",
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  "identifier": "https://orcid.org/0009-0008-7840-1847"
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  "url": "https://wulfkaal.github.io/claims/2748096-022",
  "citation": "Wulf A. Kaal, Timothy A. Krause, Hedge Funds and Systemic Risk (2016). SSRN: https://ssrn.com/abstract=2748096",
  "paper": "Timothy A. Krause, Hedge Funds and Systemic Risk",
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