News Release
Hedge Funds Not a Primary Cause of the Financial Crisis, but Could Contribute to Systemic Risk
Although hedge funds worsened the financial crisis in certain ways, the industry did not play a pivotal role compared to other agents, such as credit rating agencies, mortgage lenders, and issuers of credit default swaps. However, hedge funds do have the potential to contribute to disruptions of the U.S. financial system.
Sep 18, 2012