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Alternative Market Briefing

IDS launches ManCo for South African hedge funds

Wednesday, April 29, 2015

Benedicte Gravrand, Opalesque Geneva:

All existing South African hedge funds have to register with the Registrar of Collective Investment Schemes before the end of September.

On 6th March 2015, a notice was issued bringing hedge funds under the CISCA (Collective Investment Schemes Control Act) umbrella. Information Circular No 22, published on 1st April, provides the options available and the application methodology.

Retail Investor Hedge Funds (RIHFs) and Qualified Investor Hedge Funds (QIHFs) portfolios can either be housed in traditional Trust format or in En Commandite Partnership format, both under a CISCA approved Management Company.

IDS Management Company (RF) (PTY) Ltd Investment Data Services (IDS), an independent fund administration company founded in 2002, with offices in South Africa, the UK, Malta and Mauritius, can now offer hedge fund managers an opportunity to convert to regulated funds under an umbrella or hosting structure managed as an independent and entirely segregated cell within an existing management company. This gives managers the benefits of converting at very low cost, speed to market as well as lower ongoing management fees by benefitting from scale of the platform.

IDS Mana......................

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