Launches & Closures Wrappers / Structures

Merrion considers new Asian UCITS vehicle


Merrion Investment Managers, the Dublin-based asset management group, may launch an Asian or emerging markets UCITS hedge fund to complement its European fund.

Kevin Gallacher

Kevin Gallacher, director of Merrion Investment Managers, said it has an established UCITS platform which makes it easier for it to launch new funds like its European Absolute Return Fund which launched in April this year, and has returned -8.5% so far since its inception. The long/short equity fund currently has 27 holdings, including longs on oil and gas companies AMEC and Weir Group as well as Burberry, the luxury fashion