Melchior UCITS fund tops $172 million


The Melchior Selected Trust European Absolute Return Fund reached assets under management of $172 million at the end of December 2010.

The fund, managed by Dalton Strategic Partnership’s Leonard Charlton, experienced rapid growth in fourth quarter of 2010.

DSP hopes to see the fund’s assets double in 2011, according to Charlton.  He says: “By continuing to focus on one investment approach, the macro environment, selecting longs and shorts and managing risk by tracking risk actively, we are confident that the fund will continue to make money and attract new investors.”

The fund, which invests in a universe of 1,500 all-cap companies across Europe and uses leverage conservatively, returned 10.27% (in euro terms) since the launch of the fund in February 2010.