kaal:claim:2732915-023

Up to $100,000 in additional Dodd-Frank compliance cost is a significant imposition on a smaller private fund adviser, whereas larger and mid sized advisers can absorb it relatively easily or pass it on to clients, so the burden of Title IV is size dependent.

$100,000 in additional compliance costs imposed by the Dodd- Frank Act can be a significant imposition on a smaller private fund adviser, for the majority of larger or mid-sized investment advisers those compliance costs can be relatively easily absorbed and/or passed on to their clients.

Wulf A. Kaal, The Private Fund Industry Five Years after the Dodd-Frank Act – A Survey Study (2016), IV. Results, 2. Compliance Cost, p. 22
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

• anecdotal evidence supplementing the survey results
• distinguishes smaller advisers from larger and mid sized advisers

conditionsupport: arguedfailure: Disproportionate burden on smaller advisersfamily: compliance-cost-and-barrier-to-entrycompliance

• supports kaal:claim:2389423-014 The study's core hypothesis, drawn from the industry view and the anecdotal evidence, is that smaller hedge fu...

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