kaal:claim:2732915-003

The long-term cost implications of Title IV registration and reporting obligations are absorbed relatively quickly after registration, so that Dodd-Frank compliance costs are largely manageable depending on the size of the investment adviser.

The long-term cost implications of registration and reporting obligations as reported in this study appear to be absorbed relatively quickly after registration. The costs of compliance associated with the Dodd-Frank Act are, depending on size of the investment adviser, largely manageable.

Wulf A. Kaal, The Private Fund Industry Five Years after the Dodd-Frank Act – A Survey Study (2016), I. Introduction, p. 7
https://ssrn.com/abstract=2732915 · source PDF

Wulf A. Kaal, The Private Fund Industry Five Years after the Dodd-Frank Act – A Survey Study (2016). SSRN: https://ssrn.com/abstract=2732915

• cost absorption measured after the initial registration period
• manageability varies with adviser size

empiricalsupport: evidencedcomplianceprivate-funds

• supersedes kaal:claim:2150377-038 Quick absorption of registration costs does not settle the policy question: even if advisers absorb the report...
• supersedes kaal:claim:2389423-038 There is no evidence that private fund adviser regulation in Title IV of the Dodd-Frank Act increases returns ...

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