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.
Source quote, verbatim
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.
From
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
Cite as
Kaal, Hedge Fund Valuation Retailization, Regulation, and Investor Suitability (2009). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1428387
Holds when
where the SEC prescribes a simplified reporting format
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