# kaal:claim:2150377-028

**Claim.** Where the Form PF quarterly reporting threshold does influence behavior, it distorts fund size downward: a majority of the advisers who take the threshold into account plan to stay under $1.5 billion in assets under management, and some would close funds to new investors to do so.

**Type.** mechanism  **Support.** evidenced

**Holds when.**

- the 19.54% of respondents who would take the Form PF threshold into account

**Source quote.**

> A majority of those respondents who would take it into account plan to stay under the Form PF threshold for quarterly reporting of $1.5 billion AUM.

**From.** Wulf A. Kaal, *Hedge Fund Manager Registration Under the Dodd-Frank Act* (2012), D. Assets Under Management

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

**Verify.** sha256 of source PDF `0b58bb409cac7674d78515f5374096f9a349de3bbd1983c990e0edc85a635a09` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202012%20-%20Hedge%20Fund%20Manager%20Registration%20Under%20the%20Dodd-Frank%20Act.pdf

**Failure mode.** reporting-threshold-bunching  (family: disclosure-cost-and-burden)

**Topics.** private-funds, regulatory-failure, empirical-evidence

**Keywords.** form-pf, threshold-effects, fund-size, regulatory-avoidance, survey-results

**Related claims.**

- extended_by: https://wulfkaal.github.io/claims/2739479-030
- extended_by: https://wulfkaal.github.io/claims/2389416-004
- supported_by: https://wulfkaal.github.io/claims/2389416-029

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.