Draft regulations designed to improve oversight of hedge funds and bolster investor protection have been unveiled by the Treasury and Financial Services Board (FSB) in South Africa.
Assets under Management (AuM) in South Africa’s hedge fund industry reached a high of R40 billion ($3.97 billion), according to a survey by Novare Investments, an Africa-focused asset manager.
An industry conference veteran once joked he never failed to see the irony of hedge fund managers and investment bankers moaning about their ever-growing expense ratios from the confines of five star hotels. It is perhaps for this reason GAIM Ops
South African regulators have announced proposed rule changes to its $3.7 billion hedge fund industry.