# kaal:claim:2816408-012

**Claim.** Title IV exempts private fund advisers with less than $150 million assets under management from registration, and requires the SEC to weigh investment strategy, size, and governance in determining the systemic risk of private funds.

**Type.** definitional  **Support.** asserted

**Holds when.**

- United States
- Dodd-Frank Act section 408

**Source quote.**

> Title IV of the Dodd-Frank Act exempts private fund advisers with less than $150 million AUM from registration (Dodd-Frank Act § 408) and requires the SEC to examine factors including the investment strategy, size, and governance of an investment adviser

**From.** Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, *Did the Dodd-Frank Act Impact Private Fund Performance  – Evidence from 2010 – 2015* (2016), 2. PRIVATE FUND ADVISER REGULATION UNDER THE DODD-FRANK ACT, page 4

**Cite as.** 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

**Verify.** sha256 of source PDF `dc3b2f9e60e42ea1b42c2e0062d65569675b014c05fcd30b15ad44d2410b2ce7` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20et%20al.%20-%202016%20-%20Did%20the%20Dodd-Frank%20Act%20Impact%20Private%20Fund%20Performance%20%20%E2%80%93%20Evidence%20from%202010%20%E2%80%93%202015.pdf

**Topics.** securities-law

**Keywords.** title-iv, registration-threshold, aum-threshold, sec-rules

**Related claims.**

- extends: https://wulfkaal.github.io/claims/2732915-009
- restates: https://wulfkaal.github.io/claims/2714974-007
- restates: https://wulfkaal.github.io/claims/2337268-013

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