Dalton Strategic Partnership is adding the absolute return tag to its onshore European fund from September 1 to reflect the vehicle’s strategy more accurately.
The Melchior branded fund, managed by Leonard Charlton, launched in February 2010 with €4m and has subsequently grown to over €50m (£41.3m).
According to the group, it has achieved a positive return of 1.4% in the period since, against 2.4% from the market over the period. (article continues below)
Magnus Spence, a partner at Dalton, says: “Our track record proves we have the expertise and strategy in place to deliver positive returns in a variety of market environments.“