Of those who responded, 75.4 percent indicated that the profits of their investment management company were affected by the new registration and disclosure requirements, consistent with the management company, rather than the fund, bearing most of those costs.
Source quote, verbatim
75.4% indicated that the profits of their investment management company were affected. This is consistent with anecdotal evidence suggesting that it is the investment management company that bears the majority of costs associated with the registration and disclosure requirements.
From
Wulf A. Kaal, The Private Fund Industry Five Years after the Dodd-Frank Act – A Survey Study (2016), IV. Results, 4. Fund Earnings, p. 32 https://ssrn.com/abstract=2732915 · source PDF
Cite as
Wulf A. Kaal, The Private Fund Industry Five Years after the Dodd-Frank Act – A Survey Study (2016). SSRN: https://ssrn.com/abstract=2732915
Holds when
responses to survey question 12
supported by anecdotal evidence on cost allocation
supportskaal:claim:2150377-030 The incidence of Dodd-Frank compliance cost falls on the management company rather than the fund: the response...
extended_bykaal:claim:2739479-036 By 2015 a clear majority of respondents, 93 percent, attributed effects on their investment management company...
extended_bykaal:claim:2816408-010 Private fund managers themselves distinguish costs from returns: a majority of surveyed managers opined that D...
Verify
The quote above is an exact substring of the source PDF, whose sha256 is 643658c02f6625bca35595696116d0ad74d681ed8579c644832ae4a88b2a8c14. Extraction method: pdf-text-layer. Attestation record: colloquium/attestations/79d2051349f57517...json Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2732915-035.md | sha256sum