{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/2150377-034",
 "identifier": "kaal:claim:2150377-034",
 "text": "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.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "citation": "Wulf A. Kaal, Hedge Fund Manager Registration Under the Dodd-Frank Act (2012). SSRN: https://ssrn.com/abstract=2150377",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "Hedge Fund Manager Registration Under the Dodd-Frank Act",
  "datePublished": "2012",
  "url": "https://ssrn.com/abstract=2150377",
  "sha256": "0b58bb409cac7674d78515f5374096f9a349de3bbd1983c990e0edc85a635a09",
  "encoding": "https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202012%20-%20Hedge%20Fund%20Manager%20Registration%20Under%20the%20Dodd-Frank%20Act.pdf"
 },
 "keywords": [
  "risk-and-incentives",
  "innovation",
  "compliance",
  "empirical-evidence"
 ],
 "about": [
  "barriers-to-entry",
  "startup-funds",
  "compliance-cost",
  "minimum-scale",
  "survey-results"
 ],
 "abstract": "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.",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "claim_type",
   "value": "empirical"
  },
  {
   "@type": "PropertyValue",
   "name": "confidence",
   "value": "evidenced"
  },
  {
   "@type": "PropertyValue",
   "name": "scope_conditions",
   "value": [
    "startup hedge funds in New York",
    "single respondent account highlighted by the Author"
   ]
  },
  {
   "@type": "PropertyValue",
   "name": "is_failure_mode",
   "value": true
  },
  {
   "@type": "PropertyValue",
   "name": "attestations",
   "value": "https://wulfkaal.github.io/colloquium/attestations/7acded114eb8a621a60131a9316f6f60c9be7b1ec5ffc49ec875cd27007bdd8d.json"
  },
  {
   "@type": "PropertyValue",
   "name": "edges",
   "value": [
    {
     "rel": "restated_by",
     "to": "https://wulfkaal.github.io/claims/2389423-004",
     "to_id": "kaal:claim:2389423-004",
     "similarity": 0.599
    }
   ]
  }
 ],
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/claims/index.json"
 },
 "dateModified": "2026-07-27",
 "version": "1.0",
 "sha256": "7acded114eb8a621a60131a9316f6f60c9be7b1ec5ffc49ec875cd27007bdd8d",
 "canonicalForm": "https://wulfkaal.github.io/claims/2150377-034.md"
}