Dalton creates novel two-speed structure for flagship Melchior European long/short fund
Wed Sep 22, 2010
By offering twin low-risk and higher-risk versions of the same long/short equity strategy, Dalton is backing its belief that offshore and onshore hedge fund products will suit different kinds of investors
London-based Dalton Strategic Partnership has unveiled a
novel response to the fast-evolving UCITS hedge fund trend,
creating two versions of its Melchior European long/short
equity strategy with different risk/return characteristics to
cater for what it sees as the two distinct investor bases for
offshore hedge funds and onshore UCITS products.
Magnus Spence and Leonard Charlton
From the start of September, the firm is doubling the
investment risk of its Cayman-registered Melchior European Fund
in a bid to seek higher returns - and to make a clear
distinction between those hedge fund investors who want a
liquid, conservative fund and offshore investors who are
seeking higher returns while accepting a higher risk
The change will create greater differentiation between the
Melchior European fund - which has been run successfully since
October 2006 by former Goldman Sachs equity trader and GLG
portfolio manager Leonard Charlton - and its sister...
ISSN: 2151-1845 / CDC10004H
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