Sun, Mar 1, 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. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Adamas Asset Management and Ping An Insurance to co-manage $500m debt fund[more]

    Komfie Manalo, Opalesque Asia: Hong Kong-based Adamas Asset Management and Ping An Insurance Group, one of China’s largest financial institutions, have finalized a memorandum of und

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie