Mon, Apr 20, 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. Tiger Global falls 2.9% in March, down 5.3% in Q1[more]

    From Reuters.com: Investment firm Tiger Global Management, one of the hedge fund industry's most closely watched players, told clients that its hedge fund lost 5.3 percent during the first quarter, an investor said on Wednesday. Much of the decline came in March when the fund lost 2.9 percent,

  2. It’s not just hedge funds—IMF study finds stability risks from ‘vanilla’ funds[more]

    From MarketWatch.com: Leveraged hedge funds and banklike money-market funds are the parts of the asset-management industry most associated with risks to financial stability. But a report from the International Monetary Fund suggests that “plain-vanilla” mutual funds and exchange-traded funds also ca

  3. Hedge funds gain 2.4% in Q1 driven by currency and commodity markets[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted positive results last March to conclude a strong first quarter, with performance driven by strong macro trends in currency and commodity markets, complemented by broad-based gains and positioning in event driven, equity hedge and fixed income-b

  4. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  5. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

 

banner