Skip to content
  • UCITS
  • Global Emerging Markets — All Cap

Merlin Fidelis Asset Management is a Hong Kong based firm with a single focus, Emerging Market Equities. The team has a unique approach to research and decision making that has resulted in a multi-cycle track record of delivering diversified and consistent alpha. Cadarn Capital was appointed in January 2025 to help European investors access their strategy with the launch of a Dublin UCITS ICAV. Since launch in May 2025, the vehicle has in excess of $200m in assets (as at March 2026). For more information, please contact the Cadarn team.

Share
Fund Structures

Listed funds are investment vehicles traded on regulated exchanges, offering investors daily liquidity, transparent pricing, and ease of access. They are typically subject to exchange rules and ongoing disclosure requirements, making them suitable for a broad range of investors.

UCITS funds (Undertakings for Collective Investment in Transferable Securities) are a type of highly regulated investment fund in the European Union (EU) designed for retail investors.

Alternative investment funds provide access to assets such as private credit, infrastructure, or real assets, with limited or periodic liquidity. These funds are designed for longer-term strategies, offering diversification benefits beyond traditional listed markets.

Investor Portal

Exclusive access for professional investors

The Investor Portal provides professional investors with exclusive access to upcoming Cadarn events, detailed fund portfolio insights and associated fund materials. A dedicated information hub that offers an insight into our fund partners’ respective investment approaches, market insights and fund news.

Sign up

Cadarn Capital Ltd (FRN: 998015) is an appointed representative of Thornbridge Investment Management LLP (FRN: 713859) which is authorised and regulated by the Financial Conduct Authority