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From the Opalesque team:
Dalton Strategic Partnership LLP, an independent investment management firm in London, is to launch the Melchior Selected Trust European Fund (MSTEF) on 1st February, 2010.
Leonard Charlton, the head of the European equity team, will manage the MSTEF from its launch. This new UCITS III SICAV European equity long-short fund, domiciled in Luxembourg, will combine a fundamental approach to stock selection with an active trading overlay. The fund will follow an identical strategy to the existing fund (MEF) that Leonard has managed since November 2006. The MEF returned 6.26% in 2008 and 4.29% in 2009.
The MSTEF is designed to achieve absolute returns. It will invest (both long and short) primarily in large cap European companies which are liquid; investment positions are traded actively to benefit from shorter term stock price action and to reduce risk; it will maintain a low net exposure to equity markets and seldom employs leverage; its returns are expected to be uncorrelated with equity, bond or cash markets and to have a low correlation with other equity long/short funds. The projected AuM at launch is at $10m.
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After almost two years of financial instability, the U.S. economy has now shown some steady improvements over the last months, highlighted by the ...................... To view our full article Click here
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