Charlton extols the value of short side insights
Wed Mar 30, 2011
Bad businesses, weak economies and increased volatility are creating opportunities for the absolute return UCITS fund Leonard Charlton from Dalton Strategic Partnership manages. He speaks to Joy Dunbar, editor of Absolute UCITS, about short-selling, the economy and what he intends to do if the fund he manages performs negatively in a calendar year.
If Dalton Strategic Partnership's Melchior strategy ever
performs negatively its fund manager, Leonard Charlton, says
very seriously that he would try very hard to fire
Leonard Charlton from DSP
There are no excuses to lose clients their money regardless of
what is occurring in the wider economy, Charlton says.
The long/short European equity UCITS fund aims to return 5% to
10% per year, though Charlton says he would like the fund to
make 8% to 10% per year.
He says: "Our objective is not just a number. Our objective is
to make money when markets go down and to never lose money on a
calendar basis. This is because we believe in compounding and
there are no excuses for losing clients their money.
"We are not too keen on down years - if I ever have a down
year I will try very hard to fire myself. I am...
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