Jul 27, 2026 – 5.00amIf you’re running a large listed Australian company and a letter from Merlon Capital Partners arrives in the mail, chances are you’re not in a great place.The $1 billion Australian equity fund follows a strict investment process which means they’re buying in when the share price has bombed out and the market has deserted the stock.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
How a $1 billion fund turned a three-page letter into investment edge
Merlon Capital has survived the active management apocalypse via a mix of conviction and pragmatism.







