# Merewether Investment Management

Merewether Investment Management is an Asset Manager based in Dallas, Australia.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Dallas, Australia
- **Region:** Asia
- **Address:** Sydney, NSW, Australia
- **Founded:** 2001
- **Assets under management:** Undisclosed
- **Website:** merewetherim.com.au
- **LinkedIn:** https://www.linkedin.com/company/merewether-investment-management-lp

## Regulatory record

- **CRD number:** 293711
- **SEC file number:** 801-121789
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/293711

## About

Merewether Investment Management, LP is an SEC-registered investment adviser in Dallas, TX, registered since 2021. The firm manages approximately $6.9 billion in assets. It has 25 employees and 18 investment advisers.

## Sectors

- Financials
- Industrials
- Real Estate
- Consumer Discretionary

## People

- Ian Thompson — Co-Founder, Managing Director, Portfolio Manager
- Tom Kliner — Co-Founder, Managing Director, Portfolio Manager

## Questions

### Who runs investment decisions at 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.

### What is Merewether's investment strategy?

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.

### Is Merewether open to new investors?

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.

### What is the ownership structure of Merewether?

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.

### What sectors does Merewether typically favor?

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.

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- [Donaldson Financial Wellness Network](https://altss.com/profile/donaldson-financial-wellness-network-llc)
- [Melissa Matson](https://altss.com/profile/melissa-matson-llc)

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Last updated: 2026-06-03T20:00:00.000Z

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