Wed, Jul 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

London Hedge Fund 36 South Launches New ERISA Fund

Thursday, May 02, 2013

Bailey McCann, Opalesque New York:

36 South, a London-based hedge fund specializing in volatility investing, is launching a new product as a result of demand from US institutional investors. According to Anthony Limbrick, Principal and Portfolio Manager for 36 South, the recent low volatility environment is fueling strong institutional demand, particularly from private pensions, for exposure to volatility as a cheap source of investment returns with negative correlation benefits.

"The money coming in through those pension funds is ERISA money and the problem with taking that money is that it can only be 25% of a fund so we wanted to create a vehicle in the US that would take on more of that demand," he tells Opalesque. The Employee Retirement Income Security Act of 1974 (ERISA) is a law that governs the allocation and treatment of pensioner money in a US public pension fund. Public pensions are under certain legal obligations to maintain diversity of their investments and preserve capital for pensioners.

The new fund will launch on May 7, and is essentially a version of its long volatility flagship fund. The company has also registered with the SEC. "This is an exciting time for our strategy because volatility is approaching lows not seen since the 2006-2007 period that set up our flagship's +73%* returns in 2008," Limbrick says.

"The Kohinoor Core (Cayman) Fund is designed to res......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  3. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  4. Hedge funds panic over Greece[more]

    Komfie Manalo, Opalesque Asia: Some investors are in panic mode as Greek Prime Minister Alexis Tsipras announced Sunday night that the banks and the stock market would be closed Monday, said

  5. Alternative investment industry could grow to $13.6tln in five years[more]

    Komfie Manalo, Opalesque Asia: Leading auditing and advisory group PwC said that the global alternative investment industry, which includes hedge funds, private equity and real assets, is set to increase to $13.6tln within the next five years. "Be

 

banner