Dalton set to launch two portfolios

Former Merrill Lynch Investment Managers managing director Andrew Dalton has established the Dalton Strategic Partnership, which is believed to be planning two hedge fund launches for the start of December. The London-based limited liability partnership is looking to launch one global macro and one fixed-income and currency fund, domiciled in the Cayman Islands and listed in Dublin with dollar, euro, sterling and yen denominations. The launches would come at a time many fund of fund managers are choosing global macro funds for their portfolios. François van der Merwe, assistant vice...