n Personal Finance Newsletter - Prepare for a unit trust-style hedge fund : hedge funds
|Article Title||Prepare for a unit trust-style hedge fund : hedge funds|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||Apr 2006|
|Pages||9 - 10|
Extracted from text ... Moneyweb's PERSONAL FINANCE April 2006 9 THE Financial Services Board (FSB), the industry regulator, is working on a framework that will allow hedge funds to classify themselves as collective investment schemes. This will be introduced as soon as tax clarity is achieved, and the FSB is reluctant to commit to a deadline. It remains to be seen whether investors in regulated hedge funds will be taxed on capital gains, as is the case with unit trusts, or on trading profits. Broadly defined, hedge funds aim to deliver positive returns regardless of whether markets are going up or down. The ..
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