# kaal:claim:2447306-006

**Claim.** High quality private fund data is scarce because the industry's entrenched interest in confidentiality combined with decades of regulatory exemption from registration and transparency requirements left no reservoir of comparable disclosure to study.

**Type.** mechanism  **Support.** argued

**Holds when.**

- empirical research on the private fund industry

**Source quote.**

> Because of the private fund industry's particular interest in confidentiality and privacy and decades-old regulations that allowed the industry to remain exempt from registration and transparency requirements, high quality private fund data are rather limited.

**From.** Wulf A. Kaal, *Private Fund Disclosures Under the Dodd-Frank Act* (2014), III. Methodology, 2. Sampling Constraints, page 10

**Cite as.** Wulf A. Kaal, Private Fund Disclosures Under the Dodd-Frank Act (2014). SSRN: https://ssrn.com/abstract=2447306

**Verify.** sha256 of source PDF `0c950d73240845e78faf1c3ca0ab820fcc50556faf7ff07f7f773d0876f0be8a` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202014%20-%20Private%20Fund%20Disclosures%20Under%20the%20Dodd-Frank%20Act.pdf

**Failure mode.** opacity-blocks-measurement  (family: measurement-and-metric-failure)

**Topics.** economics, private-funds, empirical-evidence, research-methods

**Keywords.** data-scarcity, private-funds, confidentiality, survey-methodology, regulatory-exemption

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