36 South Closing Two Funds, Moving Others To Ireland

Dec 23 2010 | 11:05am 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

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of