FUNDS

Disclaimer for Hedge Fund Factsheet

The page that you selected to open is not intended to constitute, and should not be construed as, investment advice. Potential investors in the Funds should seek their own independent financial advice. The page which you selected to open has been provided for informational purposes only and may not be relied upon by you in evaluating the merits of investing in any securities or interests referred to on this page. This page which you selected to open is not intended as and is not to be taken as an offer or solicitation with respect to the purchase or sale of any security or interest, nor does it constitute an offer or solicitation in any jurisdiction, including those in which such an offer or solicitation is not authorised or to any person to whom it is unlawful to make such a solicitation or offer. Any decision to purchase securities or interests with respect to any of the Funds described on in this page must be based solely upon the information contained in the Prospectus or Private Placement Memorandum for that Fund, including any supplements thereto, which must be received and reviewed prior to any investment decision. Any person subscribing for an investment must be able to bear the risks involved and must meet the suitability requirements relating to such investments. Some or all alternative investment programs may not be suitable for certain investors. An investment into these funds can fluctuate in price or value against the investor’s interests. Financial data relating to the past is not necessarily a guide to future performance.

Kanaan Hedge FoF is a legal fund, managed by Kanaan trust which has a Cat IIA licence with the necessary qualified key individuals to manage Hedge Funds.

Fund Management companies like Kanaan Trust with its key individuals are regulated and required to have the necessary qualifications and experience with a Cat IIA license. The Hedge Funds themselves are presently not regulated by the SA Financial Services Board and these funds do not have to comply with the provisions of the Collective Investments Schemes Control act no 45 of 2002. Because of the complex derivative strategies of long and short selling followed within these funds and which strategies of the various Hedge Funds differ hugely from each other and where NAVs cannot be declared on a daily basis in most cases, like what is required in the case of Collective Investments Schemes (unit trusts), it is almost impossible to have a standard set of rules for these funds by which the FSB can regulate them.

One of the advantages of regulated funds is that unhappy investors can request the ombudsman free of charge to adjudicate differences that there might be between them and the unit trust fund manager, whereas in the case of Hedge Funds they will have to appoint a lawyer to take the necessary action on their behalf.

The Kanaan Hedge Fund is managed by Kanaan Trust: Ground Floor, Unit 3A, 10 Flanders Drive, MT Edgecombe, 4302. Email: secretary@kanaantrust.com

Fund Administrator: Oak Advisory Services. Address: 1st Floor Old Post Office Building, Cnr. Bird & Plein Street, Stellenbosch, 7600. Email: bruwer@oaksa.co.za

Hedge Funds have some unique risks, please click here for more information regarding the risk disclosure of the Kanaan Hedge Fund.


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