The Melchior European Fund, managed by Leonard Charlton at London-based Dalton Strategic Partnership, has hard closed at $100 million after a period of strong inflows. The closure took place on 1 October after a decision by the fund’s directors.
The fund is a Cayman-domiciled European equity long/short fund, for which Dalton Strategic Partnership is the sub-investment manager. It was launched in October 2006, since when it has delivered a return of 54.19%, compared with a loss of roughly 20% for the MSCI Pan European index. This has been achieved with an annualised volatility of only 6.48%.