# kaal:claim:2389416-005

**Claim.** Dodd-Frank Act compliance costs reduce the profitability of hedge fund advisers' investment management companies, but registration and disclosure requirements do not appear to reduce the returns of the hedge funds themselves.

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

**Holds when.**

- distinction between adviser management company profits and fund returns

**Source quote.**

> However, while Dodd-Frank Act compliance costs affect the profitability of hedge fund advisors' investment management companies, registration and disclosure requirements under the Dodd-Frank Act do not seem to affect the returns of hedge funds (Kaal 2013a).

**From.** Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, *Did the Dodd-Frank Act Impact Hedge Fund Performance* (2014), 1. INTRODUCTION

**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.** compliance, private-funds

**Keywords.** compliance-costs, hedge-fund-returns, dodd-frank-act, adviser-profitability

**Related claims.**

- supported_by: https://wulfkaal.github.io/claims/2816408-010
- supported_by: https://wulfkaal.github.io/claims/2739479-004
- extended_by: https://wulfkaal.github.io/claims/2816408-006

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