Fri, Jul 3, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

‘Lifetime discount’ on annual management charge offered on Merrion High Alpha Fund

Wednesday, September 22, 2010
Opalesque Industry Update - Merrion Investment Managers is reducing the annual management fee on its Merrion High Alpha Fund from 1.5% to 1% on new investments from institutional investors made between 1 October 2010 and 31 December 2010. The reduced fee applies for the duration of the investment, effectively providing a ‘lifetime discount’ to institutional investors who invest in the fund during the offer period.

The fund, which reached its three year anniversary in August 2010, has delivered exceptionally strong growth of 103% since launch which equates to 26.6% per annum. Over the same period, the global equity market (FTSE World Index) has fallen by -12.9%.

The Merrion High Alpha Fund is a global macro long short fund designed to deliver strong positive performance with a very low correlation to equity market returns. The fund takes concentrated positions in high conviction stocks to generate returns and makes use of tactical asset allocation between equities and cash to provide capital protection. The strategy does not make use of leverage. There is currently approximately €50 million invested in the High Alpha strategy.

As an Irish regulated Qualifying Investor Fund (QIF), it gives a high level of transparency and investors have the reassurance that the underlying assets are held by Northern Trust who have been appointed as independent custodian and administrator. The auditor of the fund is KPMG.

Kevin Gallacher, Director of Merrion Investment Managers, says:

“This offer gives institutional investors an incentive to invest into a fund which has delivered very strong returns over the last three years. The reduced rate will remain in effect for the duration of the investment in the fund.”

Merrion Investment Managers is a leading independent specialist investment management firm based in Ireland with assets under management of approximately €1 billion. Corporate website: www.merrion-absolute.com

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds panic over Greece[more]

    Komfie Manalo, Opalesque Asia: Some investors are in panic mode as Greek Prime Minister Alexis Tsipras announced Sunday night that the banks and the stock market would be closed Monday, said

 

banner