Dalton Strategic Partnership has decided to hard close its absolute return European UCITS fund as of today (8 July 2011).
This follows its decision to soft close the Melchior Selected Trust European Absolute Return Fund on 6 June 2011 at $500 million (see earlier story).
Leonard Charlton from DSP
Since then the fund run by Leonard Charlton has experienced strong inflows of more than $100 million and as a result the funds assets under management now exceed $600 million.
Magnus Spence, managing partner at DSP, says: In order to ensure that investment performance is