# kaal:claim:2816408-024

**Claim.** 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.

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

**Holds when.**

- entire sample of 3,424 funds
- months surrounding March 30, 2012

**Source quote.**

> 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, page 10

**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.** private-funds, securities-law

**Keywords.** aum-threshold, hedge-fund-returns, registration-effective-date, null-result

**Related claims.**

- contests: https://wulfkaal.github.io/claims/2389416-003
- contests: https://wulfkaal.github.io/claims/2389416-037
- supersedes: https://wulfkaal.github.io/claims/2389416-007

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.