Merrion taps Nicol, Macdonald for UCITS launch

Thu May 6, 2010

Dublin-based fund manager Merrion Investment Managers has hired the two-man team of Michael Nicol and Alistair MacDonald from Pengana Capital to manage a new UCITS III European long/short equity hedge fund.

The Merrion European Absolute Return Fund has launched with $20 million and will target an annual absolute return of 15-20%, with volatility between 7.5% and...

ISSN: 2151-1845 / CDC10004H

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