NEW PRACTICE AREA

INVESTMENT MANAGEMENT

Introduction

The Investment Management Practice (“IMP”) is part of Bowman Gilfillan’s Banking, Insurance and Financial Services Group. The IMP provides advice to domestic and international clients on the legal aspects of investment management.

Expertise

The IMP has expertise focusing on investment funds and structures, covering various types of investment funds (e.g. different types of collective investment schemes; hedge funds; regulated and structured funds and private equity funds).

In particular, the IMP advises on:

• forming and documenting new investment funds;
• legislation and regulations affecting investment funds, investment/asset managers and investors;
• drafting and negotiating investment management agreements, custody agreements, investment advisory agreements and dealing agreements;
• reviewing prospectuses; private placement memoranda, advising on subscription for interest in investment funds and negotiating side letters;
• investment of pension fund assets; and
• tax law in relation to investment funds and investors.

The IMP also advises a number of foreign investment funds in relation to doing business in South Africa. In particular, the IMP advises foreign investment managers on soliciting investment from South African investors. The IMP has a particular competence in dealing with the Financial Services Board (the regulator responsible for approving the operation of foreign domiciled investment funds in South Africa).

Team

The IMP is led by Francisco Jabulani Khoza, who is assisted by a number of associates.

Contact details:

Francisco Khoza
Partner
T: +27 11 669 9308
F: +27 11 669 9001
E: f.khoza@bowman.co.za