kaal:claim:2447306-044

The study's cost findings are bounded to the short run: the data cannot establish what it will cost the private fund industry to keep completing and filing Form PF annually or quarterly over time.

The data does not identify the long-term costs for the private fund industry of having to complete and file Form PF on an annual or quarterly basis.

Wulf A. Kaal, Private Fund Disclosures Under the Dodd-Frank Act (2014), VI. Discussion and Conclusion, 1. Summary of Key Findings, p. 38
https://ssrn.com/abstract=2447306 · source PDF

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

• data collected during a six month period after the initial filing deadline

empiricalsupport: assertedfailure: short-run-cost-horizonfamily: research-design-limitationcomplianceprivate-fundsempirical-evidence

• restates kaal:claim:2150377-041 The study's findings are bounded in time: because the data was collected within three months of the registrati...
• restates kaal:claim:2150377-038 Quick absorption of registration costs does not settle the policy question: even if advisers absorb the report...

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