Friday, 24 June 2016
Last updated 1 hour ago
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.”