Merewether Investment Management

Co-founders Ian Thompson and Tom Kliner jointly manage the portfolio and make all investment decisions. Both serve as Managing Directors and Portfolio Managers, and have done so since the firm's inception in 2001. No other individuals are publicly identified as having discretionary investment authority.

Merewether is an independent, employee-owned asset manager. It is not a family office and does not manage capital for a single founding family. The firm serves institutional and wholesale clients, including family offices, endowments, and high-net-worth individuals, through a managed discretionary account structure.

The firm runs a single, concentrated, long-only equities strategy focused on absolute returns. The portfolio is drawn primarily from Australian and New Zealand listed companies. Merewether is benchmark-agnostic, does not target a specific market-cap range, and will hold cash when suitable opportunities are scarce.

The investment mandate is centered on Australian and New Zealand equities. Public materials from the firm do not indicate a mandate to invest in North America, Europe, or other international markets, consistent with its deep-research, local-knowledge approach.

The firm has historically soft-closed its strategy to new capital to protect capacity and maintain alignment with existing clients. Prospective investors should confirm current availability directly with the firm. Merewether has never pursued a retail distribution model, limiting its service to wholesale clients.

Merewether is employee-owned. The co-founders, Ian Thompson and Tom Kliner, are the principals, and there is no external parent company, private equity backing, or public listing. This independent structure has kept the firm free from the asset-gathering pressures that often influence larger institutions.

Historical portfolio commentary from the firm points to consistent exposure to financials, industrials, and real estate, reflecting the composition of the Australian and New Zealand listed markets. The firm also invests selectively in consumer discretionary and other sectors where it identifies a compelling price-to-value gap.