kaal:claim:2714974-040

Higher compliance costs from hedge fund regulation can create barriers to entry for new market entrants and can accelerate consolidation of the hedge fund industry.

costs can lead to barriers to entry for new market entrants and can also accelerate the consolidation of the industry.

Kaal and Oesterle, The History of Hedge Fund Regulation in the United States (2016), SUMMARY AND CONCLUSIONS, p. 29
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

• follows from increased compliance costs under the Dodd-Frank Act

predictivesupport: arguedfailure: Compliance cost entry barrierfamily: compliance-cost-and-barrier-to-entryrisk-and-incentivescompliance

• extends kaal:claim:2150377-033 Respondents identified the creation of barriers to entry as an industry level effect of the registration and d...
• supported_by kaal:claim:2998097-015 The second survey found long-term negative effects of Title IV: 34.9 percent of respondents expected it to aff...
• restated_by kaal:claim:2732915-038 The long-term effect of the Dodd-Frank Act on the private investment fund industry is likely to be characteriz...
• extended_by kaal:claim:2998097-018 Because Title IV compliance costs bring increasing returns to scale and therefore favor larger firms, Title IV...
• supported_by kaal:claim:2739479-040 Barriers to entry for small firms are becoming an increasing problem in the private fund industry under the ev...
• restates kaal:claim:2389423-007 A disproportionate effect of Title IV on startup hedge funds and smaller advisers could create barriers to mar...
• contests kaal:claim:2389423-010 Because there is no evidence of an inverse relationship between adviser size and per-unit compliance cost, ind...

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