kaal:claim:2816408-027

A single point in time RD design anchored to March 30, 2012 is inadequate on its own because advisers could and did register before the deadline, funds near the $150 million threshold could choose between registered adviser and exempt reporting adviser status, and self-reported Morningstar AUM is not calculated the same way as the SEC's RAUM.

Source quote, verbatim

Fourth, the self-reported assets under management numbers in Morningstar are not calculated the same way as the RAUM calculation required by the SEC.

From

Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, Did the Dodd-Frank Act Impact Private Fund Performance – Evidence from 2010 – 2015 (2016), 6. NARROWER RD DESIGN, p. 12
https://ssrn.com/abstract=2816408 · source PDF

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

Holds when

broad RD design in Part IV
Morningstar self-reported AUM

Classification

failuresupport: arguedfailure: single-date-rd-identification-weaknessfamily: research-design-limitationresearch-methodsprivate-funds

Verify

The quote above is an exact substring of the source PDF, whose sha256 is dc3b2f9e60e42ea1b42c2e0062d65569675b014c05fcd30b15ad44d2410b2ce7. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/37720e671e6d1544...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2816408-027.md | sha256sum