kaal:claim:2389423-016

Linear, robust, and non-linear regression models all show positive and statistically significant coefficients, and compliance costs per unit of AUM do not diminish in the sample, so the hypothesis that smaller advisers pay relatively more is not supported.

Figures X and Y show that linear, robust, and non-linear regression models show positive and statistically significant coefficients. Compliance costs per unit AUM do not diminish in the sample. There is thus no support for the hypothesis.

Wulf A. Kaal, The Impact of Dodd-Frank Act Compliance Cost on the Hedge Fund Industry (2014), Hypothesis, p. 8
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

• the 2012 survey sample of registered private fund advisers

empiricalsupport: evidencedresearch-methodscompliance

The quote above is an exact substring of the source PDF, whose sha256 is 6b95323abbaffd00a012589531859f2938ab8b372d0243171059ff82e55a0838. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/26e9e31fbd990b4c...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2389423-016.md | sha256sum