We are delighted to announce that Cantor Fitzgerald Ireland has completed the acquisition of Merrion Capital Holdings. The acquisition will bring Merrion clients the support of a global trusted brand and will bring clients of both Cantor Fitzgerald and Merrion a broader range of products and services. Johnny Lynch who will head up our private client division, talks us through some of the key Merrion investment opportunities that will form part of our wider offering.
Merrion Investment Managers
Established in 1986, and led by CEO David Conlon, Merrion Investment Managers (MIM) is Ireland’s Number 1 performing, independent pension and investment fund manager. In 2016 and 2017 MIM received the Best Pension Fund Provider award at the Longboat Analytics Financial Services Awards. The business will remain as a separate and independent asset manager.
MIM offers a full suite of funds across multi-asset, equities, fixed income, cash and absolute return and currently manages assets for institutional, corporate, high net worth and similar clients. Specialising in active investment management, MIM operates a robust 3-pillar investment process based on macro, valuation and technical analysis.
The flagship multi asset fund, the Merrion Managed Fund invests in equities, bonds, alternatives, property and cash. It is the Number 1 performing, global multi asset fund in the Irish market since its inception over 20 years ago*.
MIM also offers an absolute return fund, the Merrion High Alpha Fund which is a process driven, global macro absolute return fund. It targets to deliver returns of at least 7% per annum. The Merrion High Alpha Fund was recipient of the 2016 AI Hedge Fund award for Best Global Macro Fund.
Segregated Discretionary Portfolio Services
Pramit Ghose and his team now form part of Cantor Fitzgerald’s full investment offering. Pramit has 30 years of investment experience across roles that include Fund Manager, Global Strategist, CIO, CEO, Investment Consultant and Actuary. While Pramit joined Merrion in 2015, his team has been successfully managing global equity income portfolios since 2001. The team’s focus and experience is in identifying attractive income stocks, while also maintaining a focus on portfolio construction, incorporating sectoral, regional allocations and active cash allocations.
Pramit’s team manages two flagship portfolios: the Global Equity Income and the Global Compounder.
The Global Equity Income invests in a diversified global portfolio of financially-strong, well-managed companies that have a proven record in and management commitment to paying and growing dividends. The aim of the portfolio is to improve long-term risk-adjusted total equity returns while maintaining a balanced exposure to companies of high quality who deliver current dividend yield and future dividend growth. This is critically important in a low yield and low economic growth environment, such as we are currently experiencing, where generation of income is a priority. The rationale is that companies with an ability to pay higher dividends on a sustained basis generally provide stable growth opportunities.
The Global Equity Compounder Portfolio actively invests in a diversified portfolio of global high-quality companies that offer compounding attractive returns and lower volatility over time. A key focus is to seek to avoid “negative earnings surprise” companies that can often have a significant detrimental effect on an investor’s portfolio.
The rationale is that quality compounders share a few common characteristics which we believe are key to achieving good investor returns over time. These include strong competitive position, ability to grow revenues and earnings sustainably over time, strong and/or improving return on invested capital and cash generation capabilities, and management commitment to return capital via share buybacks and/or dividends.
If you have any questions, please speak with a Portfolio Manager or Account Executive, or phone the Cantor Fitzgerald dealing desk on 01 633 3633.
*Source: MoneyMate 30.09.2018 based on MoneyMate inception (Oct 1993) return figure
Warning: Past performance is not a reliable guide to future performance. The value of your investments may go down as well as up.