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Matthias Knab, Opalesque:

When Cape Town based Investment Data Services (IDS) commenced business fourteen years ago, the objective of the company was to provide the nascent South African hedge fund industry dedicated independent administration. IDS currently administers over R100bn in alternative assets.

The company was involved at the outset in moving the hedge fund industry into a regulated environment to provide extra protection to investors and to provide a broader product range to attract new investors into hedge and alternative investment funds. The promulgation of regulated investment structures under the Collective Investment Schemes Control Act (CISCA) in 2015 provided South African hedge funds the opportunity to convert the unregulated funds into either Retail Investment Hedge Funds (RIHFs) or Qualified Investor Hedge Funds (QIHFs).

IDS identified the need of hosting many hedge fund managers who prefer not to own or run their own CIS Management companies. Building on IDS’s international experience of providing hosting solutions for international fund managers, IDS has now received approval of South Africa's Financial Services Board for its CISCA regulated RIHF and QIHF hosting platforms. IDS has appointed RMB Trustees as trustee to the two schemes.

Over the next six months, 83 funds will be converted from unregulated structures to CISCA governed funds, making the IDS hosting Scheme likely to be one of the biggest in the world in terms of hosted hedge......................

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