Markets & Investment News South Africa

SCI launches retail and qualified investor hedge funds

Sanlam Collective Investments (SCI) has received approval from the Financial Services Board to offer both retail investor hedge funds (RHFs) and qualified investor hedge funds (QIHFs).

The hedge fund offering will include both fund of hedge funds as well as single manager funds, and will provide access to both niche and established hedge fund financial services providers. Sanlam will also be providing its services to a selection of co-branded partners.

Liezl Myburgh
Liezl Myburgh

“The first to be launched will be four alternative retail investor hedge funds, co-branded with Capricorn and Blue Ink Investments, to launch 1 August 2016. SCI expects to launch a total of 35 hedge funds by the end of the year” says Liezl Myburgh, SCI chief executive officer.

Investors will be able to access the funds directly via the SCI platform or through Glacier, Sanlam’s linked investments services provider.

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