# kaal:claim:2714974-013

**Claim.** The cost of hedge fund manager registration under the Dodd-Frank Act brings increasing returns to scale for the industry, meaning compliance burdens fall disproportionately on smaller advisers.

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

**Source quote.**

> Kaal shows that the cost of hedge fund manager registration under the Dodd-Frank Act brings increasing returns to scale for the industry (Kaal 2016a).

**From.** Kaal and Oesterle, *The History of Hedge Fund Regulation in the United States* (2016), Hedge Fund Mandatory Disclosure, page 13

**Cite as.** 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

**Verify.** sha256 of source PDF `7764601d3ed5bb056b58949e8411eff9dfb9855f143719062030c980c5fa801b` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Oesterle%20-%202016%20-%20The%20History%20of%20Hedge%20Fund%20Regulation%20in%20the%20United%20States.pdf

**Topics.** compliance, securities-law

**Keywords.** compliance-cost, returns-to-scale, dodd-frank, registration

**Related claims.**

- contests: https://wulfkaal.github.io/claims/2389423-001
- extends: https://wulfkaal.github.io/claims/2389423-015
- contests: https://wulfkaal.github.io/claims/2389423-038

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