Wed, Oct 1, 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. Socially responsible investments grow in demand, but performance questions persist[more]

    Komfie Manalo, Opalesque Asia: A study by financial services firm TIAA-CREF showed that interest in socially responsible investing (SRI) is increasing rapidly, but investors are still asking if investing in an SRI strategy

  2. Regulatory - Ireland launches structure for passporting loan origination funds within EU[more]

    From Asiaasset.com: The Irish Funds Industry Association (IFIA) has introduced new loan origination capabilities that will offer Asian managers and investors a new structure under the European Union’s (EU’s) Alternative Investment Fund Managers Directive (AIFMD). The new structure will allow the mar

  3. Europe - Ed Miliband's war on hedge funds could damage City of London[more]

    From Telegraph.co.uk: Ed Miliband’s plans to wage war on hedge funds could be potentially more damaging to the City of London than even the financial transaction tax (FTT), senior banking sources warned on Tuesday night. The Leader of the Opposition took aim at a number of industries as part of his

  4. News Briefs - SEC probes Pimco ETF over pricing irregularities, BEPs: Action plan released and UK first to adopt country-by-country reporting[more]

    SEC probes Pimco ETF over pricing irregularities The Securities and Exchange Commission is investigating Pimco’s pricing of exchange traded funds, the latest cloud to hang over the world’s largest bond manager, which has been dogged by poor performance and management infighting. Pimco on

  5. CalPERS’ move might alter hedge fund fees for good[more]

    Benedicte Gravrand, Opalesque Geneva: When CalPERS, the California Public Employees’ Retirement System, announced on September 15th that it was unwinding its hedge-fund portfolio, it was seen by many as is a significant blow to the sector’s appeal. The Fund is