This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.

Dalton overhauls management structure

  • Print
  • Comment

Dalton Strategic Partnership has announced a number of changes to its ownership and management structure, following the death last year of founder Andrew Dalton.

The asset manager has announced that executive partners will take a bigger equity stake in the firm purchased from the Dalton family.

Senior executives will control 51.5 per cent of the firm with the Dalton family retaining a quarter of its equity. The deal is expected to go ahead in February.

According to the firm, the deal will ensure the firm remains independent and will incentivise executives to continue to grow the business. 

Tokyo-based FuNNeX Asset Management and Interward Asset Management in Toronto will also retain their interests in Dalton.

As a result of the announcement, Magnus Spence will take over as managing director of Dalton Strategic Partnership.

Spence says: “Andrew was a much-loved and inspirational leader of the firm until his tragic death last year and we are committed to maintaining the independent partnership structure that he created.

“By investing capital in the business and in the Melchior range of funds, the interests of my partners and I are closely aligned with those of our clients who remain at the centre of everything that we do. We are also aligned with our external shareholders and are incentivised to grow DSP as a successful and profitable business.”

Rupert Caldecott, global funds manager and private clients manager, will head its wealth management business.

Fund manager Leonard Charlton – who manages the Melchior European and Melchior Selected Trust European Absolute Return funds – is to head the absolute return business.

Nick Mottram will head its long-only equity business, while Richard Jones is to head sales and marketing.

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

Money Marketing Awards 2015
Put your firm forward as the leading practitioner in your field. Adviser and Advertising categories are open to entries - Enter Now.

Have your sayEdit my profile/screen name

You must sign in to make a comment

Fund Data

Editor's Pick


Do you see the value in adviser trade bodies?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments