# Raum threshold `kaal:entity:raum-threshold` **Status.** derived This node is assembled mechanically from the 2 claims that carry the concept tag `raum-threshold`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself. ## Every claim under this term 2 claims across 1 works, 2013 to 2013. **2013** - [2337268-013](https://wulfkaal.github.io/claims/2337268-013) [definitional/asserted] -- Advisers with more than $150 million in regulatory assets under management are defined as large private fund advisers and must register with the SEC. > Investment advisers having more than $150 million regulatory assets under management (RAUM) are defined as large private fund advisers and are required to register with the SEC.23 Wulf A. Kaal, Investment Adviser Regulation (2013). SSRN: https://ssrn.com/abstract=2337268 - [2337268-023](https://wulfkaal.github.io/claims/2337268-023) [condition/asserted] -- 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. > Large private fund advisers, defined as investment advisers with at least $1.5 billion RAUM attributable to hedge funds,67 must update Form PF filings on a quarterly basis.68 Investment advisers with less than $1.5 billion RAUM only have to file Form PF on an annual basis.69 Wulf A. Kaal, Investment Adviser Regulation (2013). SSRN: https://ssrn.com/abstract=2337268 ## Verify Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust. curl -s https://wulfkaal.github.io/entities/raum-threshold.md | sha256sum **Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.