kaal:claim:2150377-034

The compliance burden has raised the minimum viable scale for launching a hedge fund: an adviser reports that the capital needed to start a fund in New York rose from roughly $25 to $50 million to at least $100 million because of the increased cost of compliance with the registration and disclosure requirements.

It used to take 25– 50 mil. to start a hedge fund in NY and then buil[d] a record and grow. Today it is at least 100 mil. [b]ecause of the increased cost of compliance with the registration and disclosure requirements.

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

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

• startup hedge funds in New York
• single respondent account highlighted by the Author

empiricalsupport: evidencedfailure: startup-capital-threshold-quadrupledfamily: compliance-cost-and-barrier-to-entryrisk-and-incentivesinnovationcomplianceempirical-evidence

• restated_by kaal:claim:2389423-004 Before Title IV, launching a hedge fund could be accomplished by raising roughly $25 to $50 million, whereas a...

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Attestation record: colloquium/attestations/7acded114eb8a621...json
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