# kaal:claim:2389416-004

**Claim.** Strategic behavior by fund advisers around the assets under management registration threshold produces a strong increase in the measured discontinuity at that threshold.

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

**Holds when.**

- advisers whose AUM floats above and below $150 million
- months May through August 2012

**Source quote.**

> Strategic actions by fund advisers lead to a strong increase in the discontinuity around the AUM registration threshold.

**From.** Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, *Did the Dodd-Frank Act Impact Hedge Fund Performance* (2014), ABSTRACT

**Cite as.** Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, Did the Dodd-Frank Act Impact Hedge Fund Performance (2014). SSRN: https://ssrn.com/abstract=2389416

**Verify.** sha256 of source PDF `0e1c4615b104821577498d9655de43b9c5c3e985bb0215f56c038b8232be65c3` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20et%20al.%20-%202014%20-%20Did%20the%20Dodd-Frank%20Act%20Impact%20Hedge%20Fund%20Performance.pdf

**Topics.** risk-and-incentives, regulatory-failure, research-methods, private-funds

**Keywords.** strategic-behavior, aum-threshold, regulatory-avoidance, regression-discontinuity, hedge-funds

**Related claims.**

- extends: https://wulfkaal.github.io/claims/2150377-028
- supported_by: https://wulfkaal.github.io/claims/2389423-028

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