kaal:claim:2389416-037

Despite the great volatility of hedge fund adviser returns over the observation period, the empirical evidence for a discontinuity at the $150 million AUM threshold is robust, but the discontinuity does not persist beyond the registration effective date.

Despite the great volatility of hedge fund adviser returns displayed over the period under examination, the empirical evidence is robust. The discontinuity is not persistent and dissipates in the subsequent months after the registration effective date for hedge fund advisers.

Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, Did the Dodd-Frank Act Impact Hedge Fund Performance (2014), 5.4. DISCUSSION & CONCLUSION
https://ssrn.com/abstract=2389416 · source PDF

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

• January to October 2012 observation window

empiricalsupport: evidencedresearch-methodsprivate-funds

• contested_by kaal:claim:2816408-024 Around the registration effective date, whether a fund's AUM sits above or below the $150 million regulatory t...
• supported_by kaal:claim:2816408-016 The study identifies the causal effect of Title IV by treating the March 30, 2012 registration effective date ...

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