Around the registration effective date, whether a fund's AUM sits above or below the $150 million regulatory threshold does not play a significant role in explaining hedge fund returns for the entire sample.
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close to the registration effective date for hedge fund advisers under the Dodd-Frank Act, the size of AUM, above or below the regulatory threshold of $150 million, does not play a significant role in explaining hedge fund returns of the entire sample.
From
Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, Did the Dodd-Frank Act Impact Private Fund Performance – Evidence from 2010 – 2015 (2016), 5.2.1. Linear Regression, p. 10 https://ssrn.com/abstract=2816408 · source PDF
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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
contestskaal:claim:2389416-003 The hedge fund adviser registration requirement under the Dodd-Frank Act creates a discontinuity in hedge fund...
contestskaal:claim:2389416-037 Despite the great volatility of hedge fund adviser returns over the observation period, the empirical evidence...
supersedeskaal:claim:2389416-007 Hedge fund adviser registration under the Dodd-Frank Act positively affects adviser returns in March 2012, but...
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