Meridon Global Equity Fund
The investment objective of the fund is to seek long-term growth of capital through both income and capital appreciation.
The fund invests in a focused portfolio of approximately 10 to 25 publicly traded companies worldwide. It has no geographic, sector or style restrictions. The fund is targeting neither a specific absolute return nor a relative return versus a benchmark.
The portfolio construction process is bottom-up and fundamental. The fund may manage its overall equity exposure through significant allocation to cash and/or cash equivalents, use of leverage, short selling or derivative instruments.
Performance chart
Performance chart
(as at 31 Oct 2025)
Performance
Performance
31 Oct 2025 | YTD | 1 YR | 3 YRS | 5 YRS | 10 YRS | Since inc. |
| Net return* | -5.8 % | 1.5 % | 6.1 % | 9.3 % | 8.7 % | 8.4 % |
| Volatility | 13.2 % | 14.3 % | 12.9 % | 15.3 % | 14.5 % | 13.9 % |
*All figures except YTD are annualized.
Fund details
Fund details
| Inception | 30 June 2014 |
| Initial price | EUR 100 |
| Portfolio managers | Matej Turek, CFA; Tomas Sysel |
| Minimum holding | EUR 100,000 or equivalent |
| Fund type | Open-ended (no lock-up period) |
| Dealing day | Last business day of each calendar month |
| Directors | Dr Frank Chetcuti Dimech, Marketa Smahova, Joseph Xuereb |
| Prime broker | Unicredit Bank Czech Republic and Slovakia, a.s. |
| Administrator | BOV Fund Services Limited |
| Auditors | PwC Malta |
| Subscription fee | Up to 5% |
| Management fee | 0.90% of the NAV |
| Performance fee | 20% of the increase in NAV, subject to a High Water Mark |
Quarterly update
What makes Meridon Global Equity Fund unique?
Alignment of interest: We invest together with our clients.
Absolute return: The Fund is not constrained by benchmarks. It is able to profit from increased investing in both market downturns and conservative positioning in overvalued markets by taking appropriate investment positions.
Valuation: Even though the fund has a bias for companies with competitive advantages, good management, a strong financial position and good stewardship of capital, we believe that the price paid is instrumental in determining whether it is a good investment.
Managing for the long term: High conviction stocks will be typically held over long periods of time.
Monthly update
Since inception, the Fund's 8.4% net annual return means our capital doubles every 7 years.
Patience and conviction have been and will be main drivers of our growth.
Industry break-down
| Consumer & Tech | 3 % |
| Real Estate | 43 % |
| Cash | 54 % |
Our average holding period is back to about 9 years.