kaal:claim:2732915-029

Among advisers who factor the regulatory regime into fund sizing, the direction of adjustment is split: 18.2 percent would lower assets under management to avoid the regulatory hassle, while 27.3 percent would still increase AUM and another 27.3 percent seek the right size to cover expenses.

While 18.2% would lower their AUM to avoid the regulatory hassle, 27.3% would actually still want to increase their AUM. Another 27.3% indicated a desire to attain the right size to cover expenses.

Wulf A. Kaal, The Private Fund Industry Five Years after the Dodd-Frank Act – A Survey Study (2016), IV. Results, 3. Assets Under Management, p. 27
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

• respondents who answered yes to survey question 7

empiricalsupport: evidencedrisk-and-incentivesempirical-evidence

• restates kaal:claim:2150377-026 Among the minority of advisers who do factor regulation into fund sizing, the pressure runs in both directions...
• extends kaal:claim:2150377-025 The regulatory regime does not drive fund sizing for most advisers: 82.02% of respondents would not take the c...

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