Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002)Board NoticesDetermination on the requirements for hedge fundsPart 3 : Retail Hedge Fund7. Fees |
A manager must—
| (a) | specify in its founding documents the maximum level of all fees charged by the manager to the retail hedge fund; |
| (b) | give investors reasonable notice, but not less than three months, of any increase in the fees referred to in subparagraph (a). |