Mon, Mar 27, 2017
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. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He