Mandatory Disclosure and Operational Risk: Evidence from Hedge Fund Registration

Preprint OPEN
Stephen Brown; William Goetzmann; Bing Liang; Christopher Schwarz;
  • Subject: Hedge funds, operational risk, SEC filing, Form ADV
    • jel: jel:K2 | jel:G2
    acm: ComputingMilieux_COMPUTERSANDSOCIETY

Mandatory disclosure is a regulatory tool intended to allow market participants to assess operational risk. We examine the value of disclosure through the controversial SEC requirement, since overturned, which required major hedge funds to register as investment advisor... View more
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