Hedge Funds, Systemic Risk, and the Financial Crisis of 2007-2008

The US House Committee on Oversight and Government Reform organised a hearing on the above topic on November 13, 2008 Hearing on Hedge Funds. A theme from the hearing was better data on bilateral exposures by Hedge Funds that would allow more accurate analysis (e.g. by using network models) of the impact of a failure by one of them, and its systemic consequences. See the testimony of Prof. Andrew Lo for details.

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