23/08/2010 Author: Shannon Hawthorne

Merrion opens High Alpha Fund to wider audience

Specialist investment management firm Merrion has revealed plans to market its global macro long/short hedge fund to a wider audience of international professional investors, following three years of strong performance.

Merrion High Alpha Fund is an Irish regulated qualified investor fund (QIF), with around €50m in assets under management, most of which was raised by domestic professional investors, including pension funds and corporate funds.

The QIF is up 103% since its launch in August 2007, equating to 26.6% per annum, compared to the performance of the FTSE World Index, which has fallen by 12.9% over the same period.

“The Merrion High Alpha Fund is designed with the capacity to generate high returns, while aiming to preserve capital,” said Joe O’Dwyer, managing director of Merrion.

He continued: “It has delivered strong returns, during a period of considerable uncertainty within financial markets [and] offers investors the absolute return profile of a hedge fund with the transparency and risk controls of a regulated qualifying investor fund.”