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 "name": "Hedge fund performance",
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 "author": {
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  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
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  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2389416-002",
   "identifier": "kaal:claim:2389416-002",
   "text": "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 positive effect on hedge fund performance.",
   "abstract": "Contrary to the hedge fund industry's claims that increased supervision and disclosure would affect their profitability, we find statistical evidence of a positive effect of the requirements introduced by the Dodd- Frank Act on hedge fund performance.",
   "citation": "Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, Did the Dodd-Frank Act Impact Hedge Fund Performance (2014). SSRN: https://ssrn.com/abstract=2389416",
   "datePublished": "2014",
   "claim_type": "empirical",
   "confidence": "evidenced",
   "is_failure_mode": false,
   "scope_conditions": [
    "US hedge fund advisers subject to Title IV",
    "sample period January to October 2012"
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  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2389416-008",
   "identifier": "kaal:claim:2389416-008",
   "text": "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.",
   "abstract": "Contrary to the claims of the hedge fund industry, we find no empirical evidence that would suggest that hedge fund adviser registration under the Dodd-Frank Act negatively affects hedge fund performance.",
   "citation": "Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, Did the Dodd-Frank Act Impact Hedge Fund Performance (2014). SSRN: https://ssrn.com/abstract=2389416",
   "datePublished": "2014",
   "claim_type": "empirical",
   "confidence": "evidenced",
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2389416-010",
   "identifier": "kaal:claim:2389416-010",
   "text": "Because hedge funds developed under little or no regulatory supervision before the Dodd-Frank Act, the existing hedge fund performance literature largely fails to assess the implications of hedge fund regulation.",
   "abstract": "Because hedge funds evolved in a regulatory environment with low or no regulatory supervision until the enactment of the Dodd-Frank Act, most prior studies on hedge fund performance do not assess the implications of hedge fund regulation.",
   "citation": "Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, Did the Dodd-Frank Act Impact Hedge Fund Performance (2014). SSRN: https://ssrn.com/abstract=2389416",
   "datePublished": "2014",
   "claim_type": "empirical",
   "confidence": "argued",
   "is_failure_mode": true,
   "scope_conditions": [
    "pre Dodd-Frank Act hedge fund performance literature"
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  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2389416-017",
   "identifier": "kaal:claim:2389416-017",
   "text": "In the period close to and following the registration effective date, fund size has a positive relationship with fund performance, with positive beta coefficients in March through May and July 2012.",
   "abstract": "In the period close to and following the registration effective date for hedge fund advisers under the Dodd-Frank Act, the size of funds seems to have a positive relationship with the fund performance.",
   "citation": "Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, Did the Dodd-Frank Act Impact Hedge Fund Performance (2014). SSRN: https://ssrn.com/abstract=2389416",
   "datePublished": "2014",
   "claim_type": "empirical",
   "confidence": "evidenced",
   "is_failure_mode": false,
   "scope_conditions": [
    "March to May 2012 and July 2012",
    "coefficients negative in June and August 2012"
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2389416-022",
   "identifier": "kaal:claim:2389416-022",
   "text": "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.",
   "abstract": "Figure 8 suggests that the requirements introduced by the Dodd-Frank Act create a positive effect on hedge fund performance. By contrast, the hedge fund industry expected the introduction of the Dodd-Frank Act to result in negative effects on hedge fund returns.",
   "citation": "Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, Did the Dodd-Frank Act Impact Hedge Fund Performance (2014). SSRN: https://ssrn.com/abstract=2389416",
   "datePublished": "2014",
   "claim_type": "empirical",
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   "is_failure_mode": false,
   "scope_conditions": [
    "March 30, 2012 registration effective date",
    "$150 million AUM threshold"
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2389416-040",
   "identifier": "kaal:claim:2389416-040",
   "text": "The SEC's collection of proprietary hedge fund data through Forms ADV and PF does not negatively affect the performance of the hedge fund industry as a whole, and appears to affect only a subset of the industry.",
   "abstract": "The preliminary results in this study suggest that the SEC's collection of proprietary hedge fund data via Forms ADV and PF does not negatively impact the hedge fund industry's performance as a whole. It seems to affect merely a subset of the hedge fund industry.",
   "citation": "Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, Did the Dodd-Frank Act Impact Hedge Fund Performance (2014). SSRN: https://ssrn.com/abstract=2389416",
   "datePublished": "2014",
   "claim_type": "empirical",
   "confidence": "evidenced",
   "is_failure_mode": false,
   "scope_conditions": [
    "preliminary results based on ten months of data",
    "does not address administrative cost effects"
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 "description": "6 claims in the published works of Wulf A. Kaal carry the concept tag 'hedge-fund-performance'. Derived node: a roster, not an adjudicated definition."
}