View more on these topics

Dalton overhauls management structure

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.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm