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In the current challenging low yield environment, many pension plans and other institutional investors maintain a high exposure to equity and credit to meet return objectives. The Kohinoor Series (Cayman) Fund provides capacity for US ERISA plans in particular to invest with 36 South in order to:

• Obtain exposure to convex, asymmetric payoffs of volatility-based investments negatively correlated to equity and credit markets;
• Enhance portfolio risk-adjusted returns;
• Hedge global and idiosyncratic tail risk;
• Generate liquidity in risk aversion scenarios;
• Benefit from the specialized experience and expertise of 36 South’s near 13-year track record of investing in volatility.

”Historically most 36 South investors have looked at us as a structural part of a portfolio with important diversification and liquidity benefits,” said Jerry Haworth, founder and CIO of 36 South. “With equities near all-time highs, the prospect of a reduced Fed profile and higher interest rates, and global implied volatility near all-time lows, investors are increasingly looking at 36 South and volatility as a pure value proposition, one of the few compelling investment opportunities available.”

36 South are a qualified plan asset manager (QPAM) registered with the SEC. This newest launch follows the successful launch earlier this year of the Kohinoor Pacific Fund targeted at Australian institutional investors.

Meketa Investment Group is an employee-owned, full service investment consulting and advisory firm serving clients as an independent fiduciary since 1978. As thought leaders in investment research, Meketa provides clients creative investment solutions that confront today’s institutional pools of capital.

With a compelling near 13-year track record, London-based 36 South specialises in finding cheap convexity while minimising downside risk. The firm’s strategies are designed to perform well in most market environments, but substantially outperform in periods of extreme market movement and volatility. Launched by Richard (Jerry) Haworth and Richard Hollington in 2001, 36 South’s roots are in the strategy of investing in long dated out of the money options. With over 85 years of professional experience between them the 36 South investment team have unrivalled expertise and experience in pan asset class options investing. Aside from the Kohinoor strategy, 36 South is also known for its tail risk strategies, including the Black Swan which returned over 200%* to investors in 2008 and the Black Orlov which was up 101%* in 2011.