kaal:claim:2739479-036

By 2015 a clear majority of respondents, 93 percent, attributed effects on their investment management company's profits to additional expenses associated with the Dodd-Frank Act, and no respondent reported no additional expenses, compared with 19 percent in 2012.

Figure 19 illustrates that a clear majority of respondents in 2015 (93%) be- lieved that the profits of their investment management company were affected by additional expenses associated with the Dodd Frank Act.

Wulf A. Kaal, The Post Dodd-Frank Act Evolution of the Private Fund Industry Comparative Evidence from 2012 and 2 (2016), IV.5. Effect on Profits, p. 47
https://ssrn.com/abstract=2739479 · source PDF

Wulf A. Kaal, The Post Dodd-Frank Act Evolution of the Private Fund Industry Comparative Evidence from 2012 and 2 (2016). SSRN: https://ssrn.com/abstract=2739479

• survey respondents reporting on management company profits
• 2012 and 2015 surveys

empiricalsupport: evidencedcomplianceempirical-evidenceprivate-funds

• extends kaal:claim:2150377-031 Of the respondents reporting an effect on management company profits, 87.50% attributed it specifically to inc...
• extends kaal:claim:2732915-035 Of those who responded, 75.4 percent indicated that the profits of their investment management company were af...
• restated_by kaal:claim:2816408-009 Surveys of private fund managers conducted in 2012 and 2015 show that a clear majority of managers believed in...
• supports kaal:claim:2150377-030 The incidence of Dodd-Frank compliance cost falls on the management company rather than the fund: the response...

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