Business Report – The hedge fund market is potentially “a long way off” from effective implementation of new rules, according to Clade Investment Management director Carl Liebenberg.
Liebenberg, whose company that jointly manages the South African Investable Hedge Fund Index (SAIHF) together with the Bond Exchange of South Africa (Besa) – on Thursday in an interview with I-NetBridge, said: “I think we are a long way off seeing anything from the Financial Services Board [FSB].”
“They have mooted another class of FSP license, that is: a third category of asset manager, which will specifically relate to hedge fund managers, and a form of collective investment scheme will becreated which will allow shorting and perhaps some limited leverage,” explained Liebenberg.
