Thu, Oct 27, 2016
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. David Einhorn speaks on passive investing, Mylan, his cheapest stock, the Fed[more]

    From Greenlight Capital hedge fund manager David Einhorn (Trades, Portfolio) joined nine other famed investors on Tuesday to talk about stocks at the annual Great Investors’ Best Ideas Investment Symposium in Dallas. Presenters at the annual conference typically pitch one or severa

  2. Investing - Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities, Lansdowne's Roden says likes animal genetics company Genus[more]

    Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities From As ValueWalk reported back in February, earlier this year Andrew Lawrence set out to raise $250 million to $500 million for a fund that will buy stakes in hedge funds that have suspended redem

  3. Opalesque Roundtable: Style drift, poor communications and credibility fatigue are biggest red flags for hedge funds investors[more]

    Komfie Manalo, Opalesque Asia: Style drift, poor communications and credibility fatigue are the biggest red flags for hedge funds investors, said participants of the latest 2016 Opalesque Investor Roundtable, sponso

  4. Barclay CTA Index down 0.40% in September (+0.10% YTD)[more]

    Managed futures traders lost 0.40% in September according to the Barclay CTA Index compiled by BarclayHedge. The Index is up 0.10% year to date. “The US Fed, in spite of its hawkish tone, opted to hold rates steady which roiled financial markets,” says Sol Waksman, founder and president of BarclayHe

  5. Opalesque Exclusive: Meet Emma, your friendly A.I. helper[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Shaunka Khire, who co-designed an artificial intelligence (AI) robot called EMMA/MANSI, talks to Opalesque