kaal:claim:2389423-001

This study finds no evidence of an inverse relationship between the size of regulated hedge fund advisers and the per-unit cost of compliance, contrary to the common complaint that financial regulation brings increasing returns to scale.

The author finds no evidence of an inverse relationship between the size of regulated hedge fund advisers and the per-unit cost of compliance.

Wulf A. Kaal, The Impact of Dodd-Frank Act Compliance Cost on the Hedge Fund Industry (2014), ABSTRACT, p. 1
https://ssrn.com/abstract=2389423 · source PDF

Wulf A. Kaal, The Impact of Dodd-Frank Act Compliance Cost on the Hedge Fund Industry (2014). SSRN: https://ssrn.com/abstract=2389423

• survey data collected after the March 2012 registration effective date for hedge fund advisers under Title IV
• hedge fund advisers, not banks

empiricalsupport: evidencedcomplianceprivate-funds

• contested_by kaal:claim:2714974-013 The cost of hedge fund manager registration under the Dodd-Frank Act brings increasing returns to scale for th...

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