# kaal:claim:2337268-023

**Claim.** The frequency of Form PF reporting is keyed to size: advisers with at least $1.5 billion RAUM attributable to hedge funds must update quarterly, while advisers below that level file only annually.

**Type.** condition  **Support.** asserted

**Holds when.**

- SEC registered advisers managing at least $150 million AUM

**Source quote.**

> Large private fund advisers, defined as investment advisers with at least $1.5 billion RAUM attributable to hedge funds,67 must update Form PF filings on a quarterly basis.68 Investment advisers with less than $1.5 billion RAUM only have to file Form PF on an annual basis.69

**From.** Wulf A. Kaal, *Investment Adviser Regulation* (2013), 4. Disclosure, page 15

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

**Verify.** sha256 of source PDF `7075ce35282a8ee75b81ae3dec0e19f68631beae7f3c3a00ab2827538dc9e302` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202013%20-%20Investment%20Adviser%20Regulation.pdf

**Topics.** private-funds, disclosure

**Keywords.** form-pf, reporting-frequency, raum-threshold, large-private-fund-advisers

**Related claims.**

- extended_by: https://wulfkaal.github.io/claims/2714974-011
- extended_by: https://wulfkaal.github.io/claims/2816408-013
- extended_by: https://wulfkaal.github.io/claims/2389416-011

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