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By the Opalesque Team: During 2008, New Zealand's 36 South's diverse range of products achieved remarkable returns in the face of a global financial and economic crisis.
In early 2007, 36 South identified the risks facing the hedge fund industry and its clients, and took steps to ensure that not only would its clients be protected against a lower fat-tail event, but to allow clients to profit from this once-in-a-lifetime event, according to manager Anthony Limbrick, who is also New Zealand Absolute Return Association (NZARA)'s chairman.
In January 2008, the 36 South Fund SPC Ltd Black Swan Segregated Portfolio (Black Swan Fund) was launched with this very objective. As at 31st Dec 2008, this Fund had made a return of 204% since inception. The Fund also returned 35% of the investors' returns to them in November, ensuring that investors were served with liquidity as well as performance.
Not to be outdone, the 36 South flagship fund, the Kohinoor Series Two Fund, returned 73.3% for the year. This global-macro/volatility fund had a low-risk profile and invested only 30% of the investors' funds in order to achieve this return. This is no flash in the pan either - the Kohinoor Series Two Fund has achieved an annualized return of 27.08% since its inception in 2005. The Kohinoor Series One Fund was the first in this series but was a New Zealand-domiciled fund. This fund was started in 2001 and returned investors an annualized 12.1% after fees and 33...................... To view our full article Click here
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