Thursday, August 22, 2019 UTC
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AGF 2019 Events - October 24th, Radisson Blu Hotel, Johannesburg

AGF Forum: PE Fund Operations

The 2019 AGF Forum will assemble cutting-edge thinkers, management of leading Private Equity Firms (CFOs, COOs, CTOs), and Asset Managers to discuss the major developments that affect private investment fund operations.

8AM - 5PM

More Info

AGF Service Providers Awards

The 4th edition of the prestigious Awards has opened for entries in the build up to the Awards night in Johannesburg, South Africa. Deadline for submissions: September 1st; judging period is from July 2018 to June 2019.

7PM - 11PM

Submissions Open
Opinion

Hedge fund administration in South Africa

Hayden Reinders, Prescient Fund Services
Sept. 28, 2016, midnight
695

Word count: 754

In April 2015, the South African Financial Services Board (“FSB”) released Board Notice 52, declaring all hedge funds to be regulated hedge funds, falling under the Collective Investment Schemes Control Act (Act 45 of 2002) (“CISCA”). A collective investment scheme (“CIS”) can be described as an investment product that allows many different investors to pool their money into a portfolio. Unit trusts were the first collective investment scheme to be offered to investors in South Africa. Hedge Fund Managers, needing to comply with CISCA were now required to either register for their own Management Company (a registered Management Company as defined under CISCA, section 42) or to platform with an existing Management Company under a co-naming white label arrangement.  

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