Tue, Jul 28, 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: Michael E. Lewitt: Greece, Puerto Rico, China stock market problems are symptoms of global underlying disease[more]

    Benedicte Gravrand, Opalesque Geneva: Michael E. Lewitt, manager of the Third Friday Total Return Fund, L.P., author and market commentator, says in a Q2 letter

  2. Investing - Hedge funds, seeing opportunity, invest in struggling hotels in Puerto Rico[more]

    From NYTimes.com: Puerto Rico’s tourism industry has fallen victim to the island’s struggling economy, hit by one misfortune after another. In March, the San Juan Beach Hotel filed for bankruptcy. This week, the Condado Plaza Hilton was forced to close its casino. But nearly two thousand miles away,

  3. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  4. Opalesque Exclusive: London quant shop launches new improved strategy[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Simon Wajcenberg, CEO of K1T Capital Ltd, a systematic quant based hedge fund asset manager based in London

  5. Bridgewater turns bearish on China[more]

    Komfie Manalo, Opalesque Asia: The world’s biggest hedge fund Bridgewater Associates and one of the most vocal of China’s potential is now turning its back against the world’s second largest economy as it joins a growing list of high-profile investors who are challenging China’s potentials.

 

banner