Nothing in this document should be taken as investment advice, or an invitation to invest in any particular strategy or product. Unless otherwise stated, all commentary and views expressed in this document are solely the opinions of 36 South Capital Advisors LLP. Any facts and figures in this document have been sourced through independent reading and research, and have not been independently checked and audited. We make no representation as to their accuracy. 36 South Capital Advisors LLP is authorised and regulated by the Financial Conduct Authority (FRN: 477881).