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By Benedicte Gravrand, Opalesque London:

Last month, we learned that the chairman of the South Africa Chapter of the Alternative Investment Management Association (AIMA) and the CEO of the Association for Savings and Investment SA (ASISA) had a follow-up meeting with the Financial Services Board (FSB) executives to present a progress report on a proposed regulation of hedge funds. South African (S.A.) hedge fund managers are themselves regulated, but not their funds - which can limit the industry due to other related regulations, as discussed by Ian Hamilton in last week's interview (part one).

Good regulation means good business Such is the mantra of Robert Foster, chairman of AIMA S.A. since February and COO of Cape Town-based FoHFs firm Alpha Asset Management. AIMA S.A., it seems, differs from other AIMA Chapters in its readiness to promote more hedge fund regulation rather than less. It has of late become a lot more outspoken about its stance. For example, when the European Union released its draft of proposed regulations for alternative investment managers in April, AIMA S.A. stood out of the crowd when approving the move and claiming its own industry was ......................

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