The dilemmas of risk disclosure

Barry Schachter discovers that the path towards a workable structure for hedge fund quantitative risk disclosure is very narrow. Bad news for the post-LTCM lobbyists

Public discussion about the need for greater hedge fund quantitative risk disclosure has reached a new intensity. This discussion is not new. It began in the aftermath of the Long-Term Capital Management (LTCM) crisis, and was subsequently articulated in the report of the President’s Working Group on Financial Markets, in proposed legislation introduced in the US Congress, and in the document Sound Practices for Hedge Fund Managers (Mimeo, February 2000). Hedge fund risk disclosure has

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