Merricks Capital Special Opportunity Fund (MEF)

Shares / Stock Code

MEF

Stock Exchange / Sharemarket

ax

Merricks Capital Special Opportunity Fund (MEF) is an Australian based Funds Manager, focused on the developed markets of Asia. The fund was floated in April 2005, raising A$32M through the issue of 32M shares and 32M attaching options. The objective of the fund was to leverage the recommendations and themes contained in the Fat Prophets newsletter. The investment manager of the fund is Tidewater Asset Management, which was appointed to the role in January 2006 and is a subsidiary of the ASX-listed Tidewater Investments. It recently listed on the Australian stockmarket (ASX), on 21 April, 2005.

The Fat Fund holds a diversified range of securities, ranging between 25 to 80 securities. The company's investment strategy is based largely on value investing and can use the Fat Prophets Report to source investment ideas.

Small share funds, institutions and retail investors are the major customers (shareholders) of LICs. Competitors include Australian Foundation Investment Company (AFI) and Argo Investments Limited (ARG).