London-based Dalton Strategic Partnership, whose Cayman Island-domiciled Melchior European Fund won best equity l/s manager at last month’s Hedgeweek Awards 2011, has seen assets in it
London-based Dalton Strategic Partnership, whose Cayman Island-domiciled Melchior European Fund won best equity l/s manager at last month’s Hedgeweek Awards 2011, has seen assets in its UCITS III vehicle – Melchior Selected Trust: European Absolute Return Fund – climb above USD275million reported UCITSHedge this week. The fund launched last February and returned 10.3 per cent in 2010 with a volatility of 4.2 per cent. The two funds were run as mirror images of each other until September 2010 when the Cayman fund’s leverage was doubled to offer a higher risk/return profile for investors. Appetite in the onshore UCITS, which invests in 1,500 all-cap companies across Europe clearly seems to be strong, something that DSP partner Magnus Spence believes is in part down to the shorting expertise of fund manager Leonard Charlton. Spence was quoted as saying: “The Melchior Euro UCITS Fund goes from strength to strength as investors continue to seek out a fund that has a demonstrable record of preserving capital in weak market conditions and participating in returns from positive markets.” Charlton said that he was excited by the long and short stock picking opportunities in the European equity markets for 2011.
