entity · derived
Dodd frank act
Derived node: assembled mechanically from the claims carrying dodd-frank-act. A roster, not an adjudicated definition.
Every claim under this term
- 2150377-007 : Under the Private Fund Investment Advisers Registration Act, hedge funds with more than $150 million in assets under management must register as investment advisers and disclose information about thei
- 2150377-008 : Because Title IV's registration exemptions are broad enough to threaten the rule they qualify, the Dodd-Frank Act deliberately gives the SEC rulemaking authority to keep the exemptions from swallowing
- 2150377-011 : Quarterly rather than annual Form PF updating for large hedge fund advisers is designed for timeliness: its purpose is to give the Financial Stability Oversight Council data current enough to identify
- 2150377-012 : This Article reports the first survey study of hedge fund advisers conducted after the SEC's registration effective date, drawing on a population of 1267 private fund advisers who registered before Ma
- 2150377-020 : Advisers responded to Dodd-Frank registration mainly through administrative and advisory adjustments: the most common actions were outsourcing compliance work, hiring additional counsel, instituting n
- 2150377-021 : Structural and portfolio level responses to registration were rare: only a minority of respondents severed an advising relationship, changed a fund's legal structure, liquidated positions, changed inv
- 2150377-022 : A majority of surveyed advisers, 72.09%, do not plan any strategic response to the Dodd-Frank Act registration and reporting requirements.
- 2150377-023 : Compliance with the registration and disclosure requirements cost a majority of surveyed advisers between $50,000 and $200,000, while a significant minority estimated total compliance cost from $200,0
- 2150377-025 : The regulatory regime does not drive fund sizing for most advisers: 82.02% of respondents would not take the current regulatory regime into account in determining the assets under management size of t
- 2150377-029 : Registration and disclosure costs had not reached investors at the time of the survey: 76.09% of respondents reported that their investors' rate of return was not affected, while 23.91% believed inves
- 2150377-031 : Of the respondents reporting an effect on management company profits, 87.50% attributed it specifically to increased costs and decreased profits caused by the registration and reporting requirements.
- 2150377-032 : Registration and disclosure did not push advisers to change what they invest in: only 2.44% of respondents said they would have to change strategy significantly over five years, while 4.88% expressly
- 2150377-035 : Prior surveys of hedge fund manager expectations left the central questions unanswered because they were fielded before the registration effective date and used substantially smaller samples, so they
- 2150377-036 : Despite documented cost concerns, the hedge fund industry appears to be only modestly affected by the Dodd-Frank reporting and disclosure requirements and is adapting well to the new regulatory enviro
- 2150377-038 : Quick absorption of registration costs does not settle the policy question: even if advisers absorb the reported cost implications relatively quickly after registration, the long-term cost implication
- 2150377-041 : The study's findings are bounded in time: because the data was collected within three months of the registration effective date, the study shows trends and perceptions but does not provide insights on
- 2389416-001 : Title IV of the Dodd-Frank Act represents the most significant regulatory change in the history of the hedge fund industry, imposing mandatory adviser registration and disclosure for the first time si
- 2389416-002 : Contrary to the hedge fund industry's claim that increased supervision and disclosure would harm profitability, the authors find statistical evidence that the Dodd-Frank Act requirements had a positiv
- 2389416-003 : The hedge fund adviser registration requirement under the Dodd-Frank Act creates a discontinuity in hedge fund returns at the registration effective date of March 30, 2012.
- 2389416-005 : Dodd-Frank Act compliance costs reduce the profitability of hedge fund advisers' investment management companies, but registration and disclosure requirements do not appear to reduce the returns of th
- 2389416-006 : Analyst estimates place the annual cost of Dodd-Frank Act registration and disclosure compliance for hedge fund advisers in a range from $50,000 to $400,000 per year.
- 2389416-007 : Hedge fund adviser registration under the Dodd-Frank Act positively affects adviser returns in March 2012, but the effect does not persist in the months after the registration effective date.
- 2389416-008 : The authors find no empirical evidence that hedge fund adviser registration under the Dodd-Frank Act negatively affects hedge fund performance, contradicting the industry's claims.
- 2389416-009 : No prior study had analyzed the performance implications of hedge fund adviser regulation, making this the first estimate of the causal effect of the Dodd-Frank Act registration requirement on hedge f
- 2389416-022 : The discontinuity in hedge fund earnings at the registration effective date is positive, which is the opposite of what the hedge fund industry expected the Dodd-Frank Act to produce.
- 2389416-038 : The finding that Dodd-Frank Act registration does not depress hedge fund returns is consistent with prior evidence that higher administrative costs are only a second-order effect of the regulation.
- 2732915-001 : Five years after the Dodd-Frank Act, the private fund industry is most affected by the uncertainty and the higher costs the Act generates, yet on multiple metrics the industry is coping well with the
- 2732915-002 : The private fund industry is adjusting well to the evolving post Dodd-Frank regulatory landscape, and the long-term impact of that landscape is much less intense than the industry itself initially ant
- 2732915-003 : The long-term cost implications of Title IV registration and reporting obligations are absorbed relatively quickly after registration, so that Dodd-Frank compliance costs are largely manageable depend
- 2732915-004 : Although the industry adapted well to the post Dodd-Frank environment, the Act has already produced some negative effects on the private fund industry and may produce further negative long-term effect
- 2732915-018 : A majority of private fund adviser respondents, 74.5 percent, do not plan any strategic response to Title IV of the Dodd-Frank Act.
- 2732915-022 : Compliance cost is a significant issue for the private fund industry: a majority of respondents put Dodd-Frank compliance costs between $50,000 and $200,000, while a significant minority estimates tot
- 2732915-025 : Reported compliance time tracks reported compliance cost: a clear majority of adviser respondents spent fewer than 500 hours complying with Title IV, while a noticeable minority of 11.5 percent estima
- 2732915-028 : The majority of private fund advisers in the United States are not considering changing their assets under management in order to lower Dodd-Frank compliance costs, notwithstanding the $150 million re
- 2732915-033 : Sixty five percent of adviser survey respondents believed that their fund earnings were not affected by the Dodd-Frank Act.
- 2732915-038 : The long-term effect of the Dodd-Frank Act on the private investment fund industry is likely to be characterized by increasing additional expenses and associated barriers to entry for new market entra
- 2739479-001 : Title IV of the Dodd-Frank Act ended more than fifty years during which the hedge fund industry operated under low-level regulatory oversight, constituting a tectonic shift in the regulatory framework
- 2739479-003 : The reporting obligations imposed on private fund advisers by Form PF raised regulatory oversight of private funds to unprecedented levels.
- 2739479-004 : Prior survey evidence indicates that the hedge fund industry adjusted well to the Dodd-Frank registration and disclosure requirements, and that the actual impact of those rules was much less significa
- 2739479-009 : Smaller private funds spend more on compliance than larger ones, both as a share of AUM and relative to operating costs, which means increasing regulatory scrutiny falls disproportionately on smaller
- 2739479-011 : Because the Dodd-Frank Act discouraged banks from growing too large and made bank lending harder, private funds and other alternative lenders filled the resulting void by financing small and medium si
- 2739479-019 : The decline in survey response rate between 2012 and 2015 is itself evidence of the private fund industry's relatively rapid adaptation to the new statutory and regulatory regime.
- 2739479-021 : The share of advisers reporting that they changed their communications with investors nearly doubled from 25 percent in 2012 to 47 percent in 2015, a shift the author attributes to advisers increasing
- 2739479-022 : Although rare in absolute terms, structural responses grew: at least part of the industry is increasingly changing the legal structure of its funds and closing funds to new investors in response to th
- 2739479-024 : Between 2012 and 2015 the annual cost of Dodd-Frank compliance doubled for many survey respondents, moving from the $50,000 to $100,000 range into the $100,000 to $200,000 range.
- 2739479-025 : The shift of reported compliance hours out of the 251 to 500 hour band and into the 100 to 250 hour band suggests the industry became more effective at satisfying Dodd-Frank reporting obligations betw
- 2739479-032 : A majority of respondents in both surveys, 76.1 percent in 2012 and 65 percent in 2015, believed the Dodd-Frank Act did not affect their reporting funds' earnings.
- 2739479-036 : By 2015 a clear majority of respondents, 93 percent, attributed effects on their investment management company's profits to additional expenses associated with the Dodd-Frank Act, and no respondent re
- 2739479-037 : Even though the Dodd-Frank Act's overall regulatory impact on the private fund industry was low, the compliance costs generated by the evolving regulatory environment carry many unexpected consequence
- 2739479-039 : The comparative evidence suggests the long-term effects of the evolving post-Dodd-Frank regulatory environment may be more substantial than either the industry or regulators initially anticipated.
- 2811729-007 : Post-crisis legislation accelerated the convergence of mutual funds and private funds, because the registration and increased disclosure requirements the Dodd-Frank Act imposed on certain private fund
- 2811729-021 : Among the factors driving unconstrained mutual fund growth, the Dodd-Frank Act decreased the number of eligible private fund investors by raising the minimum net worth requirement for individuals to q
- 2816408-001 : Title IV of the Dodd-Frank Act of 2010 is the most significant regulatory change in the history of the private fund industry, ending decades in which the industry operated with little regulatory super
- 2816408-002 : Attempts to rescind Title IV through the Investment Advisers Modernization Act of 2016 demonstrate that private fund registration and disclosure obligations under the Dodd-Frank Act are highly politic
- 2816408-003 : Using self-reported Morningstar earnings data for 3,424 US private fund advisers covering 2010 to 2015 in multiple regression discontinuity designs with robustness checks, private fund adviser registr
- 2816408-004 : The evidence contradicts the private fund industry's claim that private fund adviser registration under the Dodd-Frank Act negatively affects private fund performance.
- 2816408-006 : Dodd-Frank Act compliance costs fall most heavily on advisers managing the largest number of reporting funds, because private fund advisers incur roughly $10,000 in compliance cost per reporting fund.
- 2816408-007 : A second channel by which Title IV could lower performance is risk reduction: private fund advisers have expressed concern that regulation will force them to take on less risk and therefore earn lower
- 2816408-009 : Surveys of private fund managers conducted in 2012 and 2015 show that a clear majority of managers believed increased compliance costs negatively affect the industry.
- 2816408-011 : Estimates of annual Dodd-Frank Act compliance cost for private fund advisers range from $50,000 to $400,000 per year.
- 2816408-015 : Beyond the authors' own prior work, there is no other empirical evidence on the effects of the Dodd-Frank Act on the private fund industry.
- 2816408-033 : Relative to existing work, this study uses a much larger dataset and a more sophisticated empirical approach, regression discontinuity, and finds no statistical evidence for an effect of Dodd-Frank Ac