Sat, Nov 28, 2015
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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November