Investment management firm, Dalton Strategic Partnership (DSP) plans to broaden its reach into the UK equity business.
“Over the last two years, DSP has established top-performing equity funds covering the North American, European, Japanese, Asian and Indian markets, which in total represent over $1.3 billion in assets,” said Andrew Dalton, managing partner, DSP. “In 2006, we plan to launch a specialist UK equity fund and are delighted to announce that we have recruited two respected and talented professionals to build a successful UK equity business.”
Glen Pratt will join the firm as a partner to head the UK equity team and Richard Jones will join as a partner and head of retail sales.
Pratt has twelve years investment experience and comes from Newton Investment Management where he is lead manager of over 1.7 billion of UK equities, including the Newton Growth Fund and the Newton Income Fund. Previous to his stint at Newton, Pratt was at Fidelity, where he managed the Fidelity UK Aggressive Fund, a fund that under his management achieved top quartile performance over the previous four years.
Jones comes from First State Investments where he is head of UK and European retail sales, JP Morgan Fleming Asset Management (1998-2001) and Fidelity (1994-98).
“These appointments recognize the need for first class professionals to enable us to compete effectively in a highly competitive market,” said Magnus Spence, partner at Dalton. “DSP has seen impressive growth with FUM increasing from $1 billion at the start of this year to $3.3 billion.”