Dalton Strategic Partnership has appointed Northern Trust as custodian and fund administrator for its Melchior investment funds.
BNY Mellon and Capita Financial previously managed custody and fund administration services respectively.
Magnus Spence, chief operating officer at DSP, said that the Melchior funds had been with BNY Mellon and Capita for eight years, and after a full review process he felt it was time for a change.
Melchior is the brand name of DSPs range of funds with 350 million under management, including long-only hedge funds, one investment trust and segregated portfolios.