Dalton launches Indian Ucits fund targeting 12%-18% a year
Dalton Strategic Partnership is launching the MST Indian Absolute Return fund in September, as a sub-fund of its Melchior Selected Trust Luxembourg Sicav.
Markets
by Emma Dunkley on Jul 26, 2011 at 11:39
Dalton Strategic Partnership is set to launch the MST Indian Absolute Return fund in September as a sub-fund of its Melchior Selected Trust Luxembourg Sicav.
The firm has appointed Gaurav Pant as an investment adviser to the fund. He joins the existing Indian equity investment team based in Mumbai.
Pant formerly worked at Goldman Sachs for eight years, where he most recently held the post of executive director at Goldman Sachs Principal Strategies.
The MST Indian Absolute Return fund aims to generate absolute returns from a portfolio of long and short Indian equities, targeting an annual return of between 12%-18%, while reducing the volatility of Indian equities.
The portfolio will invest largely in liquid, listed equities and will operate within a net exposure range of -10% to 25%, with an average gross exposure range of 80%-120%.
Dalton also launched a European Absolute Return fund earlier this year, for manager Leonard Charlton.
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