Mon, Dec 22, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Merrion Investment Managers hires specialist team, launches UCITS European L/S equity fund

Tuesday, May 04, 2010
Opalesque Industry Update - Dublin-based Merrion Investment Managers has recruited a specialist long short equity team, comprised of Michael Nicol and Alistair MacDonald, to manage a new UCITS III European Absolute Return Fund.

The new fund combines the expertise of an experienced team with the stability of Merrion’s established UCITS platform. The fund is targeting an absolute return of 15% to 20% per annum with annualised volatility between 7.5% and 10%. It has been launched with US$20 million of initial investment.

Michael Nicol and Alistair MacDonald have accumulated over fifty years of investment experience. Their approach is to detect mis-priced company securities through company analysis that focuses on understanding companies’ business models, earnings drivers and risks. Stock timing decisions are made by identifying valuation anomalies and catalysts that are likely to lead to re-rating or de-rating. At the heart of the investment process is a strong understanding of the nature of risk and a proprietary correlation analysis model that guides portfolio construction.

During the past 10 years, portfolios managed by Michael Nicol have not produced any negative annual returns and he has successfully applied the strategy to manage a fund of over € 600 million.

Kevin Gallacher, Director, Merrion Investment Managers, comments: “The Merrion European Absolute Return Fund is designed to provide investors with the absolute return characteristics of a hedge fund plus the transparency and daily liquidity of a regulated UCITS product. It enables investors to access the proven stock-picking skills of an experienced long short equity team on a tried and tested administrative platform. ” Michael Nicol, fund manager, Merrion Investment Managers, says:

“During the last ten years, global equity markets have entered a more volatile and less certain environment for returns. Our investment process has delivered consistent positive absolute returns with low volatility in both rising and falling markets. Perhaps most importantly, it operates with low levels of leverage and does not need to be adapted or compromised to comply with UCITS regulations.”

www.merrion-absolute.com.


Bg

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. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und