Shared conviction without the noise.
Merlon exists to steward capital with discipline and conviction — providing advisers and long-term investors with confidence through uncertainty and market cycles.
Merlon is an Australian-based, employee-owned investment manager — built for advisers and long-term investors who value conviction, capital preservation and stewardship through every market cycle. Our personal capital is invested alongside our clients in the funds we manage.
Most investors chase short-term outcomes, overweight recent news, and avoid unpopular views. Our philosophy is built to do the opposite.
We only pay for what is sustainable.
We look through fads and fashions
We aim to understand the risk of losing long-term capital
We own our business.
We co-invest in our funds.
We actively engage with companies.
We are always sceptical.
We are wary of popular opinion.
We do all our own research.
Our funds
Two distinct equity strategies. One disciplined investment philosophy.
Concentrated Australian Share Fund
A high-conviction portfolio of undervalued Australian companies, built without reference to index weights.
Australian Share Income
A high-conviction portfolio engineered for sustainable monthly income, with built-in downside protection.
More than 20 years of average industry experience, applying the same philosophy since 2005.
The Investor’s Blind Spots
A field guide to behavioural bias in equity investing.
Over decades in this business, we have come to believe that the investor’s most valuable instrument is not a spreadsheet or a terminal or even a well-stocked network of contacts. It is a mirror....
“Success is a culture of integrity, passion and purpose. Deep client trust. Investment outcomes
worth the trust. A business built to outlast us.”
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