36 South Closing Two Funds, Moving Others To Ireland

Dec 23 2010 | 10:05am ET

London hedge fund 36 South Capital is consolidating its offerings and moving all of its funds’ domicile to Ireland.

The US$130 million firm told Reuters that it would shutter its US$5.5 million Regent Fund and its Dresden Green Fund, focusing its attention instead on its flagship Kohinoor Fund. 36 South closed its Black Swan fund last year.

In addition, it will move those funds not already domiciled on the Emerald Isle to Dublin, from the Cayman Islands and the British Virgin Islands. 36 South explained that bringing the funds onshore would make working with administrators and other service providers easier.

“It’s more efficient and more streamlined,” a spokesman for the fund told Reuters. “There’s a huge amount of reasons to go to Ireland.”


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

FATCA for Hedge Funds: Eight Common Pitfalls

Sep 1 2015 | 10:56am ET

FATCA is now a way of life for those in the financial industry and most professionals...

 

Editor's Note