Sun, Feb 18, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

The regulation changes in South Africa could make hedge funds more broadly accessible

Monday, December 10, 2012

Bailey McCann, Opalesque New York:

In September of this year, the South African Financial Services Board (FSB) and the National Treasury, issued a new paper with proposed guidelines that would include hedge funds in the Collective Investment Schemes Control Act (CISCA) of 2002. If these guidelines move forward, they could have far reaching impact for the hedge fund industry in South Africa. The regulation and its potential were discussed by participants in our recent Opalesque South Africa Roundtable.

"The promulgation of such product level regulation for local hedge funds will definitely have a far-reaching impact on the local financial industry and hopefully make hedge funds more accessible to a broader market. This development should also further increase the confidence of institutional investors such as pension funds, as the proposed legislation will mean that they will be able to access these funds through a much more uniform regulated manner," explains Carla De Waal, Head of Funds of Hedge Funds, Novare Investments.

Like the UCITS structure in Europe, bringing hedge funds under the CISCA rules could provide investors with more clarity, understanding of structure and tax treatments. "One might even argue that such a regulated vehicle will reduce due diligence costs for institutional investors, as many features will be standardized or prescribed through prudential regul......................

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. Chenavari, a $5.4bn hedge fund, told investors it thinks 'we could experience a similar pattern as the 1987 crash'[more]

    From Businessinsider.com: A $5.4 billion hedge fund told clients markets could tumble just like they did in the 1987 crash. In a February 14 letter to clients, London-based Chenavari Investment Managers warned about current market conditions. From the letter (emphasis added): "Our view is that

  2. Active funds shone in selloff, just like they said they would[more]

    From Bloomberg.com: For years, it's been the same refrain. Don't bail on active management, you'll regret it when the market turns sour. And while the selloff that ripped through equities this month has been too short to prove anything, early returns suggest they had a point. Thanks to differentiate

  3. No place to hide: managed futures funds fall with stocks[more]

    From Barrons.com: Managed futures mutual funds haven't lived up to their billing of providing uncorrelated returns so far in 2018, continuing a disappointing multiyear stretch. The $10 billion AQR Managed Futures Strategy, the largest fund by a wide margin in the category, was down 2.75% year-to-dat

  4. Investing - Hedge fund Bridgewater makes $22 billion bet against European firms, Hedge funds Steadfast and Suvretta jump onto CSX in fourth quarter, Tepper's Appaloosa boosts Apple, Facebook as others bolt, Third Point buys Netflix and MGM, dumps Bank of America, Moore Capital bought Wynn Resorts, other casino stocks before Steve Wynn resigned[more]

    Hedge fund Bridgewater makes $22 billion bet against European firms From Reuters/USNews.com: Bridgewater has shown its hand in Europe with a $22 billion bet against some of the continent's biggest companies, filings reviewed by Reuters show, part of a bigger shift by the world's largest

  5. Funds Profiles - Brother-run hedge fund up 46% in 2017 says Kelly formula shows diversification is flawed, How a 6,000% profit on a single trade saved a small hedge fund from disaster[more]

    Brother-run hedge fund up 46% in 2017 says Kelly formula shows diversification is flawed From Valuewalk.com: When Jeremy and Michael Kahan consider the notion of diversification, the wince. With a return of 45.8% to end 2017, their stock-picking fund, North Peak Capital, successfully