# kaal:claim:2389416-014

**Claim.** Most of the 87 strategic funds keep their AUM very close to the $150 million disclosure threshold, oscillating around it rather than moving decisively above or below it.

**Type.** empirical  **Support.** evidenced

**Holds when.**

- strategic subsample of 87 funds
- January to October 2012

**Source quote.**

> We notice that only few hedge funds sensibly decrease or increase their AUM under or above the threshold and then keep such position. Most funds in the sample have AUM very close to the threshold, with oscillations around it.

**From.** Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, *Did the Dodd-Frank Act Impact Hedge Fund Performance* (2014), 4. DATA SOURCES AND DESCRIPTIVE STATISTICS

**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, private-funds

**Keywords.** threshold-bunching, aum-threshold, strategic-behavior, hedge-funds

**Related claims.**

- contested_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.