Jurgen Boyd is the head of Collective Investment Schemes at
the Financial Services Board, South Africa's regulatory body.
He is directly responsible for devising new regulations to
govern the country's hedge fund industry.
Are you primarily interested in regulating the hedge
fund industry or in providing a regulated hedge fund
We don't want to regulate the hedge fund market. We
are seeking to create space for a regulated CIS hedge fund
product within the existing legal framework.
Is South Africa therefore heading
towardsan industry that will have regulated
hedge funds existing beside unregulated hedge funds?
That could very well happen. At the moment, we have
an unregulated industry. Whether hedge funds choose to play in
the regulated space will be entirely up to them. It's not going
to be compulsory. My colleagues, who are responsible for
regulating all investment managers and intermediaries, are
putting into place...