# kaal:claim:2389416-022

**Claim.** The discontinuity in hedge fund earnings at the registration effective date is positive, which is the opposite of what the hedge fund industry expected the Dodd-Frank Act to produce.

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

**Holds when.**

- March 30, 2012 registration effective date
- $150 million AUM threshold

**Source quote.**

> Figure 8 suggests that the requirements introduced by the Dodd-Frank Act create a positive effect on hedge fund performance. By contrast, the hedge fund industry expected the introduction of the Dodd-Frank Act to result in negative effects on hedge fund returns.

**From.** Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, *Did the Dodd-Frank Act Impact Hedge Fund Performance* (2014), 5.2.1. Entire Sample

**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.** research-methods, private-funds

**Keywords.** regression-discontinuity, hedge-fund-performance, industry-expectations, dodd-frank-act

**Superseded by.** A later claim revises this one. Prefer quoting: https://wulfkaal.github.io/claims/2816408-003, https://wulfkaal.github.io/claims/2816408-033, https://wulfkaal.github.io/claims/2998097-020, https://wulfkaal.github.io/claims/2816408-019

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