Sat, May 28, 2016
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. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America

  4. Emerging markets hedge funds perform strongly, but capital base erodes[more]

    Komfie Manalo, Opalesque Asia: Latin American Emerging Markets and Russian hedge funds lead industry gains in the first months of 2016, posting strong performances through April as global and EM equity, commodity and currency markets surged in recent weeks following steep losses to begin the year

  5. Americas - Australian banks sending U.S. hedge funds broke, Ryan Puerto Rico ‘rescue’ bill could be windfall for hedge funds[more]

    Australian banks sending U.S. hedge funds broke From SMH.com.au: US hedge funds are not having the best of years. Profits are hard to find, they're underperforming and the punters are losing patience, withdrawing US$15 billion ($20.8 billion) in the March quarter. They're expected to wit