Est. 1998 · London · Singapore · New York
Meridian Capital is an independent investment manager overseeing multi-asset portfolios for institutions, family offices and private clients. We buy enduring businesses, lend against real assets, and hold both for decades — not quarters.
Performance
Growth of $100 in the Meridian Global Equity Core strategy against the MSCI ACWI, net of fees, compounded quarterly. Chart region is a placeholder — swap the inline SVG data for a live feed before launch.
Net cumulative return, base 100 · 5 years to Q1 2026
Illustrative placeholder series. Past performance is not a reliable indicator of future results. Net of a 0.75% management fee; gross of tax.
Net of fees, USD, to 31 Mar 2026
| Period | Meridian | Bench. | Peer |
|---|---|---|---|
| 1 year | +14.2% | +9.6% | +8.1% |
| 3 years | +11.4% | +7.2% | +6.4% |
| 5 years | +10.9% | +8.0% | +7.1% |
| Since 1998 | +10.6% | +7.4% | +6.8% |
Peer median = eVestment Global Equity universe. Placeholder figures.
Global Equity Core, net, %
Calendar-year net returns, USD, %. Illustrative placeholder series — the 2022 bar shows the drawdown band marked on the chart above.
The firm at a glance
Wholly owned by its partners. No external shareholders, no quarterly earnings call, no incentive to chase assets we cannot manage well. Our own capital sits in every strategy we run.
Across equity, fixed income and alternative mandates.
Run by seven portfolio managers, one investment committee.
Pension funds, endowments, insurers and family offices.
In London, Singapore and New York. 38 CFA charterholders.
Investment philosophy
Every story has a price at which it stops being an investment. We model the downside first and only pay for the upside we can underwrite.
Forty to forty-five positions, not four hundred. Conviction is worth nothing if it is diluted into a tracking error of one basis point.
Volatility is the price of owning equities. Losing your capital for a decade is not a risk we accept to chase a benchmark.
Partners hold 31% of the firm's own strategies, with no side vehicles, no soft dollars and no performance fee on unrealised paper gains.
“We would rather sit out an expensive market and explain the underperformance than explain a permanent loss.”
Adrian Vance — Founder & Chief Investment Officer
Strategies
Equity for growth of capital, fixed income for income and ballast, alternatives for uncorrelated return. Most clients blend all three through a single managed account.
Equity · Global
A concentrated portfolio of 40–45 high-quality compounders, benchmark-agnostic, held for a decade at a time.
Fixed income · Global
Investment-grade credit and sovereign duration, run for income and capital ballast rather than index replication.
Alternatives · Real assets
Private credit, core infrastructure and income-producing real estate, underwritten asset by asset by our own team.
Investment team
Seven portfolio managers, one investment committee, no star system. Every position in every portfolio is owned by a named analyst who can defend it on demand.
Chair of the Investment Committee
Founded Meridian in 1998 after eleven years running global equity mandates at a bulge-bracket investment bank. Has chaired the committee through three bear markets.
Head of Equities
Leads the global equity team and the concentrated core portfolio. Joined from a European long-only manager in 2009; previously a healthcare analyst.
Head of Research
Owns the firm's proprietary valuation framework and its ESG integration policy. Twenty-two years covering industrials and capital goods.
Head of Fixed Income & Alternatives
Runs duration strategy, investment-grade credit and the private credit sleeves. Former sovereign debt portfolio manager in Stockholm and Singapore.
The Investment Committee meets weekly and can veto any position. Names and biographies are illustrative template content.
Insights
Written for our clients, not for the algorithm. No forecasts, no targets — only what we own and why.
Why we extended the bond sleeve's duration by 1.4 years while the market priced only cuts.
Read noteOur top-ten weights now hold 44% of the portfolio. Here is the risk framework that makes that survivable.
Read noteCovenant quality, not spread, is what survives a refinancing wall. A look at 42 underwritten deals.
Read noteInvestor access
Secure access to statements, NAV history and subscription documents — for institutions, family offices and private clients already invested with Meridian.