# kaal:claim:2447306-025

**Claim.** Regulatory assets under management is an unstable reporting concept: commenters split evenly on whether Form PF's RAUM questions required them to interpret the term in order to answer.

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

**Holds when.**

- responses to survey Question 19

**Source quote.**

> Commenters were equally split on whether Form PF questions pertaining to calculating RAUM required filers to interpret RAUM for purposes of completing Form PF.

**From.** Wulf A. Kaal, *Private Fund Disclosures Under the Dodd-Frank Act* (2014), VI. Discussion and Conclusion, 1. Summary of Key Findings, page 38

**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.** raum-interpretive-instability  (family: definitional-ambiguity)

**Topics.** private-funds, empirical-evidence

**Keywords.** raum, assets-under-management, form-pf, interpretation, survey-results

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/2470008-030

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