Dalton Strategic Partnership is to offer an India fund next year as part of a new strategy to attract retail money.The company, which was set up in 2002 by a number of former Mercury Asset Management fund managers led by Andrew Dalton, quadrup- led assets under management to 400m in the first eight months of this year. Its five long-only funds are all in the top quartile since inception. The firm – which is looking to recruit a head of retail sales – has so far accessed the retail market indirectly but is now changing its approach. Its Melchior Japanese, European, North American, Greater China and precious metals funds will be complemented in early 2006 by the addition of an India fund. The Melchior Japanese fund, which is run by Ken Nishi- zawa, is up by 62 per cent since inception in 2003 against a 15.7 per cent return from the Topix index. Director Magnus Spence says: “Until now, Dalton has accessed UK retail invest- ors through multi-managers and very large private-client brokers but we have made no attempt to go after the money directly. “Our performance should now attract IFAs and we are recruiting a head of retail sales. We also plan to launch an India fund next year.” Capital Asset Management director Alan Smith says: “Performance will certainly help a boutique manager generate interest among IFAs but you have to be offering something extra special to turn the head of the smaller outfit without the money for detai- led research.”
If you had to choose someone to value your house, where would you go? I would be making a beeline for a surveyor from the Royal Institution of Chartered Surveyors.
Treasury economic secretary Ivan Lewis has challenged the financial services industry to produce a strategy to attract young people to be IFAs. Lewis says the industry must ask, “How are we going to sed-uce young people to become IFAs?” and seriously look at what is being offered to new entrants in financial services. He says […]
The importance of effective recruitment should not be underestimated. Getting the right people into organisations brings success and strength – getting the wrong people can bring a heavy price. As such, recruitment should be given due care and attention, with businesses planning proactively around current and future requirements. At BM Solutions, human resources are an […]
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What does a well-diversifed portfolio look like? What were the quarterly trends in model portfolios in Q4 2015? The Portfolio Barometer highlights trends uncovered by analysis of 210 model risk-rated portfolios managed by UK financial adviser and wealth management firms in the three months from October to December 2015. The model portfolios under review were […]
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