kaal:claim:2337268-013

Advisers with more than $150 million in regulatory assets under management are defined as large private fund advisers and must register with the SEC.

Investment advisers having more than $150 million regulatory assets under management (RAUM) are defined as large private fund advisers and are required to register with the SEC.23

Wulf A. Kaal, Investment Adviser Regulation (2013), 2. Adviser Categories, p. 8
https://ssrn.com/abstract=2337268 · source PDF

Wulf A. Kaal, Investment Adviser Regulation (2013). SSRN: https://ssrn.com/abstract=2337268

• advisers to one or more private funds
• RAUM above $150 million

definitionalsupport: assertedprivate-fundssecurities-law

• restated_by kaal:claim:2732915-009 Title IV requires private fund advisers with more than $150 million in assets under management to register wit...
• restated_by kaal:claim:2998097-011 Under PFIARA, private investment fund advisers with more than 150 million dollars of assets under management m...
• restated_by kaal:claim:2816408-012 Title IV exempts private fund advisers with less than $150 million assets under management from registration, ...

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