kaal:claim:2816408-006

Dodd-Frank Act compliance costs fall most heavily on advisers managing the largest number of reporting funds, because private fund advisers incur roughly $10,000 in compliance cost per reporting fund.

Because private fund advisers incur about $10,000 compliance cost per reporting fund (Kaal 2013a), Dodd-Frank Act compliance costs are highest for those advisers in our dataset with the highest number of reporting funds under management.

Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, Did the Dodd-Frank Act Impact Private Fund Performance – Evidence from 2010 – 2015 (2016), 4. MOTIVATION, p. 7
https://ssrn.com/abstract=2816408 · source PDF

Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, Did the Dodd-Frank Act Impact Private Fund Performance – Evidence from 2010 – 2015 (2016). SSRN: https://ssrn.com/abstract=2816408

• advisers with multiple reporting funds
• per fund cost estimate from Kaal 2013a

mechanismsupport: evidencedcompliancedisclosure

• extends kaal:claim:2732915-022 Compliance cost is a significant issue for the private fund industry: a majority of respondents put Dodd-Frank...
• extends kaal:claim:2389416-005 Dodd-Frank Act compliance costs reduce the profitability of hedge fund advisers' investment management compani...

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