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 himself.

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...

ISSN: 2151-1845 / CDC10004H

Free Trial

Take a trial today and access

  • Performance news, fund launches, regulation changes and people moves
  • Profiles of fund managers, investors and distributors
  • Live league tables
  • Investor mandates

Popular Searches on HFI