kaal:claim:1428387-034

Requiring hedge funds to supply risk and valuation data in a simplified format would in fact impose a significant burden on the industry, since simplification requirements would raise transaction costs, require pre-screening, and possibly additional staff.

In addition to the utilization problem, if the SEC should require hedge funds to provide risk and valuation data in a certain simplified format, the SEC would in fact impose a significant burden on the hedge fund industry.

Kaal, Hedge Fund Valuation Retailization, Regulation, and Investor Suitability (2009), VI.C Valuation and Risk Disclosure, p. 50
https://ssrn.com/abstract=1428387 · source PDF

Kaal, Hedge Fund Valuation Retailization, Regulation, and Investor Suitability (2009). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1428387

• where the SEC prescribes a simplified reporting format

failuresupport: arguedfailure: simplification-burdenfamily: disclosure-cost-and-burdendisclosureeconomicssecurities-lawrisk-and-incentives

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