kaal:claim:2714974-010

The majority of hedge fund advisers spent less than $10,000 preparing their initial Form PF data reporting to the SEC, and subsequent annual filings cost about half of that initial amount.

The majority of hedge fund advisers incurred less than $10,000 to prepare their initial data reporting to the SEC, with the cost of subsequent annual Form PF filings at about half the initial cost (Kaal 2014).

Kaal and Oesterle, The History of Hedge Fund Regulation in the United States (2016), Hedge Fund Mandatory Disclosure, p. 12
https://ssrn.com/abstract=2714974 · source PDF

Kaal and Oesterle, The History of Hedge Fund Regulation in the United States (2016). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2714974

• applies to advisers filing annually rather than quarterly

empiricalsupport: evidencedprivate-fundscomplianceempirical-evidence

• supported_by kaal:claim:2732915-016 A 2013 survey found that Form PF compliance costs for first time filers were under $10,000 for 59.18 percent o...
• restates kaal:claim:2447306-012 Initial Form PF compliance was inexpensive for most filers: 59.18 percent of respondents put the total cost of...
• supports kaal:claim:2447306-014 Measured against this study's survey data, the SEC marginally overestimated the cost of the initial Form PF fi...

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