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Dubai Financial Services Authority (DFSA): Contents

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  Versions
(1 version)
 
Jul 11 2010 onwards

CIR 14.4.6



Whole Section PDF

The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

A Fund ManagerG of a Hedge FundG must prominently disclose to prospective UnitholdersG in the ProspectusG and any other financial promotions relating to the FundG , the following Mandatory Hedge Fund Disclosure Statement:

"When considering investment in a Hedge Fund you should consider the fact that some Hedge Fund products use leverage and other speculative investment practices that may increase the risk of investment loss, can be illiquid, may involve complex tax structures, often charge high fees, and in many cases the underlying investments are not transparent and are known only to the Hedge Fund Investment Manager.
Returns from Hedge Funds can be volatile and you may lose all or part of your investment. With respect to single manager products the manager has total trading authority and this could mean a lack of diversification and higher risk. The Hedge Fund may be subject to substantial expenses that are generally offset by trading profits and other income. A portion of those fees is paid to the Hedge Fund Manager."
Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]