kaal:claim:2732915-022

Compliance cost is a significant issue for the private fund industry: a majority of respondents put Dodd-Frank compliance costs between $50,000 and $200,000, while a significant minority estimates total compliance cost between $200,000 and over $400,000.

Compliance costs are a significant issue for the private fund industry. A majority of respondents found Dodd-Frank compliance costs to range from $50,000 to $200,000. However, a significant minority estimates the total compliance cost will range from $200,000 to over $400,000.

Wulf A. Kaal, The Private Fund Industry Five Years after the Dodd-Frank Act – A Survey Study (2016), V. Discussion and Conclusion, 1. Summary of Key Findings, p. 35
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

• N=69 survey respondents
• cost defined as actual expenses incurred

empiricalsupport: evidencedcomplianceempirical-evidence

• restates kaal:claim:2150377-023 Compliance with the registration and disclosure requirements cost a majority of surveyed advisers between $50,...
• extended_by kaal:claim:2739479-024 Between 2012 and 2015 the annual cost of Dodd-Frank compliance doubled for many survey respondents, moving fro...
• restated_by kaal:claim:2816408-011 Estimates of annual Dodd-Frank Act compliance cost for private fund advisers range from $50,000 to $400,000 pe...
• supports kaal:claim:2389416-006 Analyst estimates place the annual cost of Dodd-Frank Act registration and disclosure compliance for hedge fun...
• supports kaal:claim:2714974-039 The overall effects of enhanced hedge fund regulation are not as immense as industry representatives predicted...
• extended_by kaal:claim:2816408-006 Dodd-Frank Act compliance costs fall most heavily on advisers managing the largest number of reporting funds, ...

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