entity · derived

Large private fund advisers

6 claims across 2 works, 2013–2014.

Derived node: assembled mechanically from the claims carrying large-private-fund-advisers. A roster, not an adjudicated definition.

Every claim under this term

2337268-013 2013 definitional: Advisers with more than $150 million in regulatory assets under management are defined as large private fund advisers and must register with the SEC.
2337268-023 2013 condition: The frequency of Form PF reporting is keyed to size: advisers with at least $1.5 billion RAUM attributable to hedge funds must update quarterly, while advisers below that level file only annually.
2447306-013 2014 empirical: Form PF compliance cost is sharply size dependent: quarterly filing large funds spent on average $155,286 on the initial filing, roughly sixteen times the $9,520 average reported by annually filing sm
2447306-015 2014 empirical: Recurring Form PF cost is also size dependent: quarterly filing large fund advisers pay on average $72,143 for subsequent filings while smaller advisers spend on average $5,262.
2447306-016 2014 empirical: For quarterly filing larger private fund advisers, the SEC substantially overestimated the cost of subsequent Form PF filings; the survey's estimate is roughly half of what the SEC projected.
2447306-018 2014 empirical: The SEC's time burden estimates for Form PF are miscalibrated in the same direction as its cost estimates for large filers: the study's data suggest the agency overestimates the hours larger private f