This risk management tool, which offers hedge fund investors greater protection by segregating investors’ assets from the hedge fund manager, was developed to monitor hedge funds’ trading activity, thereby ensuring that they remain within agreed investment mandates.
Rand Merchant Bank and Momentum developed MAP in 2007 as a way to create a robust framework for institutional participation in the South African hedge fund industry.
JSE head of Derivatives Trading Allan Thomson said the acquisition makes the JSE the first exchange worldwide to endorse a managed account platform which would provide more transparency to hedge fund trading.
"The JSE has been working with MAP for some time now. We believe that this deal will be beneficial for the markets as it provides a safe platform for the hedge fund industry to grow," Thomson said.
