Saturday, 25 April 2015
Last updated 1 day ago
Aug 24 2010 | 11:23am ET
A three-year track record under its belt, Merrion Investment Managers aims to take its High Alpha Fund international.
Merrion plans to market the fund—which currently manages about €50 million for British and Irish institutional investors and high-net worth investors—to international institutions for the first time, although its focus will remain on local and European investors. The fund has returned 103% since its launch three years ago.
“The Merrion High Alpha Fund is designed with the capacity to generate high returns, while aiming to preserve capital,” Joe O’Dwyer, managing director, said. “It has delivered strong returns, during a period of considerable uncertainty within financial markets. It offers investors the absolute return profile of a hedge fund with the transparency and risk controls of a regulated qualifying investor fund” registered in Ireland.
The fund charges a 1.5% management fee and a 20% performance fee on returns over 7% per year. The minimum investment requirement is €250,000.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…