Dalton Strategic Partnership has expanded its European business with the launch of a Luxembourg-domi...
Dalton Strategic Partnership has expanded its European business with the launch of a Luxembourg-domiciled Sicav.
Initially, the Sicav will have two sub-funds: the Melchior Selected Trust Great China Opportunities fund and the Japan Opportunities fund. It is the first of its kind to be launched by Dalton, marking its launch into the European distribution arena.
The minimum investment is $10,000 (£5,372) for A and C shares and $250,000 for B and D shares. The annual management fee is 1.75% for the A and C shares and 1.25% for the B and D shares. All four share classes also have an outperformance fee of 15% of returns of the benchmark index.
Magnus Spence, partner at Dalton, said: "During 2006, we will continue to expand our range of investment products by selectively adding where we see the greatest investment opportunities for our clients."
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