# kaal:claim:2998097-020

**Claim.** Using a regression discontinuity design around the 150 million dollar registration threshold with five years of performance data on more than 3500 reporting private funds, the study finds no significant effect of Dodd-Frank requirements on private fund performance, with all p-values above the 5 percent level.

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

**Holds when.**

- private funds reporting performance data, 2010 to 2015
- regression discontinuity around the $150 million AUM registration threshold

**Source quote.**

> Using an array of robustness tests validating the RD results, the paper shows that the requirements introduced by the Dodd-Frank Act create no significant effect on private fund performance. The P-values for all RD results are above the 5% level and confirm the finding of no affect.

**From.** Wulf A. Kaal, *Private Investment Fund Regulation - Theory and Empirical Evidence from 1998 to 2016* (2017), IV.1.f Dodd-Frank Impact on Private Fund Performance, page 34

**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.** research-methods, disclosure

**Keywords.** regression-discontinuity, fund-performance, dodd-frank, disclosure-costs

**Related claims.**

- restates: https://wulfkaal.github.io/claims/2816408-019
- restates: https://wulfkaal.github.io/claims/2816408-033
- restates: https://wulfkaal.github.io/claims/2816408-003
- supersedes: https://wulfkaal.github.io/claims/2389416-002
- supersedes: https://wulfkaal.github.io/claims/2389416-022

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