The 36 South Cullinan Fund

Class B USD

Fund Investment Objectives

The 36 South Cullinan Fund was developed based on a global macro premise that the current provision of liquidity to financial markets through government programmes, historically low interest rates, tax cuts and fiscal stimulus packages will lead to significant asset price inflation in time. The underlying philosophy of The Cullinan Fund is that global inflation has moved from an improbable to a probable event given recent macro developments. This is a tail risk fund that will provide portfolio protection against a significant global inflation event by making large returns in exceptionally high inflationary scenarios. The 36 South Cullinan Fund was launched 1 March 2011.