Dalton Strategic Partnership (DSP), the global investment management firm, has continued to build on the exceptional fund performance across its fund range.
The Melchior North American Opportunities Fund, launched in November 2004, has delivered impressive returns. During the twelve months ended October 2006, the Fund returned 20.32 percent in sterling terms compared with a return of the S&P500 Index of 16.33 percent, ranking it 6th out of 92 funds in its sector. Since inception, it has returned 35.13 percent against 26.46 percent for the S&P 500 Index and is 4th out of 86 funds. Assets under management rose to over USD110 million during October 2006.
The Melchior Asian Opportunities Fund, launched in April 2005 and managed by Henrietta Luk, the Managing Director of Dalton Capital (Hong Kong) Limited, has performed exceptionally well. This Fund has returned 65.05 percent in sterling terms since inception, more than double the benchmark, the MSCI Far East ex Japan Index, which returned 32.14 percent. The Melchior Asian Opportunities Fund is top decile and ranked 1st out of 118 funds in its sector over three months, twelve months and since inception. The fund was valued at USD253 million at the end of October 2006 and is likely to ‘soft close’ at USD500million.
The Melchior Japan Opportunities Fund, launched in November 2003, has USD545m under management and has returned 109.99 percent in sterling terms since inception compared with a return of the Topix Index of 59.44 percent and is also top decile since inception.
The Melchior European Opportunities Fund, launched in November 2003, is managed by James Hordern and returned 23.80 percent in sterling terms in the twelve months to the end October 2006. Since inception it has returned 73.12 percent against the MSCI Pan-European index of 69.98 percent.
The Melchior UK Opportunities Fund, launched in May 2006 and managed by Glen Pratt has made a remarkable start with a return of 7.91 percent over the first six months since inception. This compares with the benchmark of 4.75 percent. Over three months the fund returned 14.26 percent against the benchmark of 9.5 percent. It is ranked 6th out of 303 funds has been top decile in its sector universe since inception to end October 2006. The fund has risen to over USD41m during October 2006.
“Our team of fund managers continue to show tremendous ability in identifying under-valued and under-researched stocks,” says Andrew Dalton, a Managing Partner at DSP. “Our range of specialist regional funds offer investors active conviction-based portfolios focused on delivering absolute returns.”