36 South Launches Carry-Neutral Protection Fund

Asset manager 36 South Capital Advisors launched the Kohinoor Carry Neutral Protection Fund this month that aims to provide convexity in a crisis, while targeting flat returns in calm to normal markets over a rolling five-year period. The fund launched on July 1 with assets under management of more than USD200 million and investors ranging from pension funds to asset managers to family offices, said Jerry Haworth, principal and chief investment officer at 36 South in London.