Did the Dodd-Frank Act Impact Private Fund Performance? – Evidence from 2010-2015

28 Pages Posted: 11 Jul 2015 Last revised: 15 Mar 2016

Wulf A. Kaal

University of St. Thomas, Minnesota - School of Law

Barbara Luppi

University of St. Thomas School of Law; Università degli studi di Modena e Reggio Emilia (UNIMORE) - Faculty of Business and Economics

Sandra Paterlini

EBS Universität für Wirtschaft und Recht

Date Written: July 10, 2015

Abstract

Title IV of the Dodd-Frank Act introduced the most significant regulatory change in the history of the private fund industry. To analyze the effect of Title IV on the private fund industry, we use five years of private fund performance data with over 7,000 reporting private funds. Our findings do not support the private fund industry’s claims that increased supervision and disclosure mandated in the Dodd-Frank Act have a negative effect on private fund earnings.

Keywords: Dodd-Frank Act, Private Funds, Performance, Regression Discontinuity Design

JEL Classification: G23, G24, G28, K22

Suggested Citation

Kaal , Wulf A. and Luppi, Barbara and Paterlini, Sandra, Did the Dodd-Frank Act Impact Private Fund Performance? – Evidence from 2010-2015 (July 10, 2015). Available at SSRN: https://ssrn.com/abstract=2629347 or http://dx.doi.org/10.2139/ssrn.2629347

Wulf A. Kaal (Contact Author)

University of St. Thomas, Minnesota - School of Law ( email )

MSL 400, 1000 La Salle Avenue
Minneapolis, MN Minnesota 55403-2005
United States

Barbara Luppi

University of St. Thomas School of Law

2115 Summit Avenue
Saint Paul, MN 55105
United States

Università degli studi di Modena e Reggio Emilia (UNIMORE) - Faculty of Business and Economics ( email )

Viale Berengario 51
41100 Modena, Modena 41100
Italy

Sandra Paterlini

EBS Universität für Wirtschaft und Recht ( email )

Gustav-Stresemann-Ring 3
Wiesbaden, Hessen 65189
Germany

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