South African regulatory reforms of funds of hedge funds

David Edmund Allen*, Akhmad Kramadibrata, Robert John Powell, Abhay Kumar Singh

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

The financial services industry in South Africa is subject to strong regulation. Investments in funds of hedge funds (FoHFs) have been impacted by regulations such as limitations on pension fund investments and exchange controls that restrict the flow of funds overseas and encourage local investment. Nonetheless, South Africa has experienced strong FoHFs growth and changing regulation is opening up investment opportunities in these products. This chapter examines FoHFs in South Africa, with particular emphasis on the changing regulatory climate in South Africa before, during, and after the global financial crisis.
Original languageEnglish
Title of host publicationReconsidering funds of hedge funds
Subtitle of host publicationthe financial crisis and best practices in UCITS, tail risk, performance, and due diligence
EditorsGreg N. Gregoriou
Place of PublicationOxford
PublisherElsevier
Chapter32
Pages525-536
Number of pages12
ISBN (Print)9780124016996
DOIs
Publication statusPublished - 2013
Externally publishedYes

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