Sat, Jul 4, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

First study of impact of Dodd-Frank suggests hedge funds are adapting well

Tuesday, October 16, 2012

Beverly Chandler, Opalesque London: It comes with a big warning, but an empirical study entitled 'Hedge Fund Manager Registration Under the Dodd-Frank Act’ by Wulf A. Kaal from the University of St. Thomas, Minnesota’s School of Law, finds that despite concern, most hedge funds are adapting well to the new requirements of Dodd-Frank.

"Future studies are needed to determine if the long-term impact of the Dodd-Frank Act is as moderate as this study suggests," the paper says as it is too early to measure undeterminable opportunity costs because of distraction from core fund management, and also what costs might be passed to investors in the form of fees.

As Kaal and his team notes, for the last three decades, the SEC has repeatedly yet unsuccessfully attempted to register hedge fund managers. "Resolving the tension between the industry and regulators regarding the appropriate level of regulatory oversight, the Dodd-Frank Act mandates hedge fund adviser registration as well as increased record-keeping and disclosure". Designed to provide guidance for policy makers, Kaal’s initial paper presents the results of the first survey study after the SEC’s registration effective date, March 30, 2012.

For the study, the author and a team of four research assistants contacted a population of 1,264 private fund advisers that registered with the SEC before the registration effective date. "The e......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner