Sun, Sep 21, 2014
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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali