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18 Oct 2010 - Performance Report: Merricks Capital Multi-Strategy Fund

By: Australian Fund Monitors
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Report Date16 October 2010
ManagerMerricks Capital
Fund NameMerricks Capital Multi-Strategy Fund
StrategyMulti Strategy
Latest Return DateSeptember 2010
Latest Return4.04%
Latest 6 Months4.21%
Latest 12 Months5.61%
Latest 24 Months9.67%
Annualised Since Inception6.00%
Inception Date01 January 2008
FUM (millions)AU$35
Fund OverviewMerrick aims to generate absolute returns through a portfolio of investment strategies with low correlation, primarily in Asia.

The fund uses a top down/bottom up approach to generate absolute returns through a portfolio of three lowly correlated underlying strategies:

1. Long Short Equities
2. Soft Commodities, and
3. Event Driven.

The primary focus is on the industrials complex in Asia (Hong Kong, Japan and Australia) and Soft Commodities, which is also available as a standalone strategy if required.
Manager CommentsThe Merricks Multi Strategy Fund results were buoyed in September by strong gains from the Event Driven and Soft Commodity portfolios.

The Event Driven portfolio rose by +2.6% while Soft Commodities gained +1.1% to produce the funds best month’s performance since inception. The Equity Market Neutral portfolio also produced a positive performance of +0.4% and represented just over 50% of the overall asset allocation in the fund.
More Information» View detailed profile of this fund

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