11 Jul 2011
Following a period of strong inflows, Dalton Strategic Partnership has taken the decision to hard close the Melchior Selected Trust: European Absolute Return Fund, managed by Leonard Charlton. The closure took effect from Monday 11th July.
MSTEARF, a UCITS III European equity long short fund, was launched in February 2010 since when it has delivered a return of 12.83% in Sterling terms (annualised 8.86%). This has been achieved with remarkably low volatility of only 4.17%.
The Melchior Selected Trust European Absolute Return Fund was soft closed to new investors on 6th June 2011 at $500 million. Since then it has experienced inflows from existing investors of over $100 million, taking the fund’s assets under management to over $600 million.
MSTEARF, a UCITS III European equity long short fund, was launched in February 2010 since when it has delivered a return of 12.83% in Sterling terms (annualised 8.86%). This has been achieved with remarkably low volatility of only 4.17%.
The Melchior Selected Trust European Absolute Return Fund was soft closed to new investors on 6th June 2011 at $500 million. Since then it has experienced inflows from existing investors of over $100 million, taking the fund’s assets under management to over $600 million.
Magnus Spence, Managing Partner at DSP, said: ‘’Since the launch of the fund Leonard Charlton and his team have generated consistent positive returns with low volatility and a low correlation to equities. The decision to hard close the fund has been taken in order to ensure that investment performance is not negatively impacted by further inflows of assets’’.
