kaal:claim:2150377-010

Form PF reporting achieves broad coverage of systemic exposure with narrow coverage of firms: the SEC expects the small set of large filers to account for eighty percent of total hedge fund assets under management in the United States.

Source quote, verbatim

The SEC expects this relatively small number of advisers to account for 80% of total hedge fund assets under management in the United States.145

From

Wulf A. Kaal, Hedge Fund Manager Registration Under the Dodd-Frank Act (2012), 2. Disclosure
https://ssrn.com/abstract=2150377 · source PDF

Cite as

Wulf A. Kaal, Hedge Fund Manager Registration Under the Dodd-Frank Act (2012). SSRN: https://ssrn.com/abstract=2150377

Holds when

advisers with at least $1.5 billion in RAUM attributable to hedge funds
SEC estimates at the time of Form PF adoption

Classification

empiricalsupport: evidencedprivate-fundssystemic-riskrisk-and-incentivesdisclosure

Verify

The quote above is an exact substring of the source PDF, whose sha256 is 0b58bb409cac7674d78515f5374096f9a349de3bbd1983c990e0edc85a635a09. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/0e9c55a9742f12ff...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2150377-010.md | sha256sum