Dalton Strategic Partnership, a London-based firm, has unveiled an Indian long/short UCITS fund.
The new MST Indian Absolute Return Fund, a sub-fund of the Luxembourg-domiciled Melchior Selected Trust, is expected to launch in September 2011.
Gaurav Pant: Dalton Strategic Partnership
DSP is the second asset manager to launch an India long/short UCITS strategy in the past year with asset manager Kotak Mahindra launching an India fund last December (see earlier story).
The fund, has a maximum capacity of $300 million, is expected to launch with between $10 million to $20 million which includes