# kaal:claim:2998097-015

**Claim.** The second survey found long-term negative effects of Title IV: 34.9 percent of respondents expected it to affect the industry over the next five years through additional expenses, and 32.6 percent expected it to create barriers to entry for new private fund market entrants.

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

**Holds when.**

- 2015 survey of registered investment advisers
- N=69

**Source quote.**

> More than a third of respondents (34.9%) opined that Title IV will affect the private fund industry in the next five years because of additional expenses, and nearly a third (32.6%) opined that it will create barriers to entry to private fund market entrants. 50% of

**From.** Wulf A. Kaal, *Private Investment Fund Regulation - Theory and Empirical Evidence from 1998 to 2016* (2017), IV.1.b Private Fund Industry Five Years After the Dodd-Frank Act, page 22

**Cite as.** Wulf A. Kaal, Private Investment Fund Regulation - Theory and Empirical Evidence from 1998 to 2016 (2017). SSRN: https://ssrn.com/abstract=2998097

**Verify.** sha256 of source PDF `0955054f49c7011d33c285579bb046e6b284e42755b10fd2546a728c202669d5` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202017%20-%20Private%20Investment%20Fund%20Regulation%20-%20Theory%20and%20Empirical%20Evidence%20from%201998%20to%202016.pdf

**Topics.** risk-and-incentives, compliance, empirical-evidence

**Keywords.** dodd-frank, barriers-to-entry, compliance-costs, survey-evidence

**Related claims.**

- restates: https://wulfkaal.github.io/claims/2732915-037
- supports: https://wulfkaal.github.io/claims/2732915-038
- supports: https://wulfkaal.github.io/claims/2714974-040
- supersedes: https://wulfkaal.github.io/claims/2732915-036
- restates: https://wulfkaal.github.io/claims/2739479-040
- supports: https://wulfkaal.github.io/claims/2150377-033
- supports: https://wulfkaal.github.io/claims/2389423-003

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