JSE Acquires Momentum’s Risk Tool

Johannesburg Stock Exchange has acquired Momentum’s Managed Account Platform.

Johannesburg Stock Exchange (JSE) has acquired Momentum’s Managed Account Platform (MAP), Business Day reports. The risk management tool is designed to provide hedge fund investors protection by segregating investors’ assets from the hedge fund manager. Rand Merchant Bank and Momentum developed the platform to generate a strong framework for institutional participation in the South African hedge fund industry. The financial terms of the deal were not disclosed.

Click here for the Story from Business Day.