“As the longest standing collective investment schemes managers in South Africa, we are thrilled at the prospect of offering clients access to retail and qualified investor hedge funds from July 2016,” says Liezl Myburgh, Chief Executive Officer of Sanlam Collective Investments (SCI).
SCI has received approval from the Financial Services Board to offer both Retail Investor Hedge Funds (RHFs) and Qualified Investor Hedge Funds (QIHFs).
“Sanlam Collective Investments is uniquely positioned to tap into the investment and product infrastructure of the Sanlam Group” continues Myburgh. 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. We will also be providing our services to a selection of co-branded partners.
The first funds to be launched on the Sanlam Collective Investments platform will be four Sanlam Alternative Retail Investor hedge funds, a co-branded fund with Capricorn, along with our sister company Blue Ink Investments, as the co-branded fund of hedge funds provider, to launch 1 August 2016. We anticipate introducing a total of 35 hedge funds by the end of the year.
“While investors will be able to access the funds directly via the Sanlam Collective Investments platform, the offering should be especially popular through Glacier, Sanlam’s linked investments services provider”, according to Carl Roothman, CEO of Sanlam Investments’ Retail business. Roothman believes that the ability for investors to gain exposure to hedge funds through regulated vehicles is one of the most exciting developments in the financial services industry in recent years. “These funds offer an excellent diversification play in any portfolio and I anticipate it will be especially popular with high net worth individuals, companies and institutions looking for access to an expanded set of investment offerings.”
Sanlam Collective Investments was established in 1967 and manages R132billion in assets under administration.