Jerry Howarth’s 36 South Capital to launch Black Eyrar Fund

March 29th, 2011
| More
Jerry Haworth’s 36 South Capital Advisors LLP plans to launch the Black Eyrar Fund within the next three months. According to an article from Bloomberg, the Black Eyrar Fund will seek to profit from unforeseen high-impact events. The hedge fund will bet on risk-aversion events, buying long-dated options. The strategy closely resembles that of his Black Swan Fund, which closed after its 234 percent gain in 2008.

Mr. Haworth believes the time is opportune to start a new fund. Although the option prices shot up after Japan’s nuclear crisis, they have come back down. Moreover, the decrease in volatility has reduced the cost of using options to protect against losses.

36 South Capital, which was founded in Auckland, New Zealand, jumped continents in 2009 and is now based in London. The firm has assets under management of approximately $250 million.

36 South Capital is not related to Mark Spitznagel’s and Nassim Taleb’s Universa Investments, which manages over ten Black Swan related hedge funds. Mr. Taleb is the author of the best-selling book "The Black Swan," which details his acclaimed theory on the extreme unpredictability of very rare events.
For Detailed Investor Profiles on these Investors, click below:
Universa Investments (Black Swan)
Related People: Mark Spitznagel; Nassim Taleb
Related Entities: Black Swan Fund; Black Swan Hedge Fund; Black Swan Protection Protocol Inflation Fund; Universa Asymmetry Fund LP; Universa Asymmetry Master Fund
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings

More Recent Headlines

Philippe Jabre's Jabre Capital loses $300 Million on Japanese bets

Man Group plc sells stake in BlueCrest Capital Management

Hedge Funds are About to Undress

Hassan Elmasry’s Independent Franchise Partners raises $5bn

Frederic Levy & Mathias Piardon launch Noho Capital

Guess Who’s Buying Gold

Gil Saiz’s Vector Commodity Management outperforms rivals

Paul Singer’s Elliot Management nominates 6 for Actelion’s Board

Nelson Peltz’s Trian Fund takes another shot at Family Dollar Stores

Fortress Investment Group launches Asia focused hedge fund