# kaal:claim:2732915-035

**Claim.** 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.

**Type.** empirical  **Support.** evidenced

**Holds when.**

- responses to survey question 12
- supported by anecdotal evidence on cost allocation

**Source quote.**

> 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, page 32

**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

**Verify.** sha256 of source PDF `643658c02f6625bca35595696116d0ad74d681ed8579c644832ae4a88b2a8c14` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202016%20-%20The%20Private%20Fund%20Industry%20Five%20Years%20after%20the%20Dodd-Frank%20Act%20%E2%80%93%20A%20Survey%20Study.pdf

**Topics.** compliance, empirical-evidence

**Keywords.** management-company-profits, cost-incidence, compliance-cost, survey-results

**Related claims.**

- supports: https://wulfkaal.github.io/claims/2150377-030
- extended_by: https://wulfkaal.github.io/claims/2739479-036
- extended_by: https://wulfkaal.github.io/claims/2816408-010

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