Sun, Feb 19, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

South African pensions now allowed to invest 10% in hedge funds and up to 30% in international equities

Thursday, January 23, 2014

Komfie Manalo, Opalesque Asia:

South Africa’s market regulator, the Financial Services Board recently extended the limit in of the amount of money pension funds can invest in hedge funds, thus creating more opportunities in the local hedge funds space.

Ian Hamilton, head of a leading hedge fund administrator in Africa, the IDS Group, said during the latest Opalesque South Africa Roundtable that South Africa’s regulations for pension funds, particularly as to how much these institutional investors’ could invest in alternative investment and international equities, had been revised over the last few years.

"Previously, they were extremely restricted and private equity was capped at 2.5% for large institutions. That combination is now up to 10%, so they can be up to 10% in hedge funds," he said.

Claire Rentzke, head of manager research at 27four Investment Managers, added that the changes include that pension funds can now invest an additional 5% over and above their 25% international equity allocations.

She said, "So in total South African pensions can have up to 30% in international equities.

The amendment was welcomed by Andy Pfaff, manager of Cassandra Commodities, a boutique within ......................

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. With $54bn in assets, Philippines is ready for hedge funds, alternative investment products[more]

    Komfie Manalo, Opalesque Asia: With the country's outstanding fund management industry at $54bn and growing, the Philippine market and its investors are ready to invest in "more sophisticated" asset management products, like hedge funds and alternative investments, said Deanno J. Basas, presi

  2. ...And Finally - Truth in advertising[more]

    From Newsoftheweird.com: Girl Scout Charlotte McCourt, 11, of South Orange, New Jersey, saw her sales zoom recently when she posted "brutally honest" reviews of the Scouts' cookies she was selling -- giving none of them a "10" and labeling some with dour descriptions. She was hoping to sell

  3. Europe - Brexit - Updated legal guide, Euro exchange rates set to tumble as hedge fund's super computer predicts Marine Le Pen will be next French president, Swiss fund market hits all-time high[more]

    Brexit - Updated legal guide From Herbertsmithfreehills.com: When we began analysing in depth the possibility of Britain exiting the EU (Brexit), 18 months prior to the June 2016 referendum, the business consensus was very much that Brexit was a remote prospect that either would never hap

  4. People - Gramercy appoints Bradshaw McKee as managing director of Capital Solutions, Trump taps Cerberus's Feinberg to lead intelligence review[more]

    Gramercy appoints Bradshaw McKee as managing director of Capital Solutions Gramercy Funds Management LLC, a $5.8 billion dedicated emerging markets investment manager, today announced the appointment of Bradshaw McKee to the position of Managing Director, Capital Solutions and Distressed

  5. Hedge fund investor redemptions accelerate through 2016[more]

    Despite hedge funds returning 7.40% over 2016, investors continued to withdraw capital over the year; the industry saw overall net asset outflows totalling $110bn in 2016. Preqin's latest research finds that the rate of redemptions accelerated through the year, from net outflows of $14bn in Q1 to $4