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Update on Registration of Hedge Funds

In February 2015, the Minister of Finance declared hedge funds as collective investment schemes with effect from 1 April 2015. All South African hedge fund operators were required to apply for registration in accordance with the Collective Investment Schemes Control Act, No. 45 of 2002 (“CISCA”), in order to continue operating.

To date, the Financial Services Board has considered and approved the following hedge fund applications:

Qualified Investor Hedge Funds
No. of Approved Schemes 14
No. of Portfolios 157
Assets Under Management R61bn
Retail Investor Hedge Funds
No. of Approved Schemes 10
No. of Portfolios 112
Assets Under Management R12bn

A complete list of all applications approved is published on the FSB website. The address for further queries provided in the media release was incorrect. The correct address we managed to get from the FSB is: FSB.Hedgefundqueries@FSB.co.za

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