060114 Melchior Global Equity Fund FINAL
6th January 2014
Melchior Global Equity Fund to offer high alpha returns at passive fees From January 1 2014, the Melchior Global Equity Fund will be the first high performance, actively managed fund available to all investors at a permanent price normally reserved for passive funds. The investment management fee of the fund will be just 0.25% per annum, significantly below the industry norm of 0.75% - 1.5% for active equity funds. The total expense ratio will be capped at 40bps.
The Melchior Global Equity Fund is managed by a highly experienced team led by Nick Mottram, former Global Head of Research at Schroder Investment Management and Head of Equities at Investec Asset Management.
The fund has delivered top decile performance since launch in August 2010, ranking 10th out of 153 funds in the IMA Global peer group (source Morningstar 18/12/13). It has achieved a net return of 56.16% against the MSCI All Countries World Index return of 39.97%, and against a peer group average of 38.78% (source Morningstar. 18/12/13).
The fund’s performance is built on a highly active, bottom-up stock-picking approach. The team scours the world’s markets looking for attractively priced, quality companies that are growing earnings with strong performing share prices. They rank over 6000 companies from across the globe based on how well they score on these fundamental features. Only the team’s 100 best stocks make it into their ‘World Premier League’ of companies and are included in the portfolio. Nick Mottram, Melchior Global Equity Fund manager, said: ‘’I designed and implemented my investment process back in 2000, since when it has been tried, tested and proven to work through some of the toughest market conditions. It is a simple method of investing; we know what drives share prices over time, and how to find companies with the right characteristics.” Magnus Spence, CEO, Dalton Strategic Partnership, said: “The Melchior Global Equity Fund gives investors access to a fully active, global equity stock-picking strategy for a fee of just 0.25%. This fund should appeal to any investor that demands value for money combined with high performance, be it a private or institutional investor”.
[ENDS] For further information please contact: Jonathan Atkins, Redleaf Polhill
[email protected]
Magnus Spence, Partner, Dalton Strategic Partnership LLP Richard Jones, Partner and Head Retail Sales, Dalton Strategic Partnership
020 7382 4752 020 7367 5426 020 7367 5436
Notes to Editors Dalton Strategic Partnership (DSP) is a global investment management firm founded in 2002 by Andrew Dalton and Magnus Spence, former colleagues from Mercury Asset Management/Merrill st Lynch Investment Managers. Assets under management are USD 1.8 billion (as at 31 November 2013). The Firm’s Funds are branded Melchior.
DSP has three core businesses a long only investment management business which manages a range of specialist long-only equity funds – an absolute return business;; and a Wealth Management business offering absolute returns to private clients, charities and family offices through active global asset allocation within fund structures and segregated accounts. DSP is authorized and regulated by the Financial Conduct Authority. Dalton Capital (Hong Kong) Limited is authorized and regulated by the Securities and Futures Commission in Hong Kong, Dalton Capital (Japan) Inc is authorised and regulated by the Financial Services Agency of Japan. These are all owned by Dalton Capital (Guernsey) Limited which is regulated by the Guernsey Financial Services Commission.
Disclaimer This press release (release) is issued by Dalton Strategic Partnership LLP (DSP), which is authorised and regulated in the UK by the Financial Conduct Authority. DSP is a limited liability partnership incorporated in England and Wales with Partnership Number 0C301880. Registered Office: Third Floor, Princes Court, 7 Princes Street, London EC2R 8AQ. This release does not constitute or form part of any offer to issue or sell, or any solicitation of any offer to subscribe or purchase any shares or any other interests nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any contract thereof. This release is not directed at you if you are not a journalist or press officer, or if we are prohibited by any law of any jurisdiction from making the information in this release available to you. Recipients of this release who intend to apply for shares or interests in the Funds are reminded that any such application may be made solely on the basis of the information and opinions contained in the Prospectus or other offering document relating thereto, as and when they become available, which may be different from the information and opinions contained in this document. Please refer to the relevant Prospectus or relevant offering document.
Any research, analysis or views included in this release has been produced by DSP in relation to its investment activities and should not be relied upon for any personal use. Any opinions expressed herein are made as at the date of publication and may change without notice. All data and statistics are sourced from DSP unless otherwise stated. Performance statistics are not necessarily based on audited financial. Past performance is not necessarily indicative of future results and you may not retrieve your original investment. Changes in rates of exchange may affect the price of units or shares. Please use the following internet address to view important information about the Dalton companies: http://www.daltonsp.com/information.asp
Since Since Inception Inception (Ann) (Cum) % %
1 Month %
3 Months %
6 Months %
Year to Date %
1 Year %
2 Years (Ann) %
3 Years (Ann) %
0.76
7.07
10.62
31.12
30.37
21.88
9.85
14.10
56.16
MSCI AC World NR
-2.43
0.64
4.01
18.49
17.91
16.33
7.37
10.47
39.97
Peer Group Avg – Global Flex-Cap Equity
-1.97
1.20
4.42
18.74
18.46
14.59
3.09
7.08
27.26
Peer Group Ranking - Global Flex-Cap Equity
6/161
5/161
15/161
19/157
20/157
20/153
13/148
10/147
10/147
0.76
7.07
10.62
31.12
30.37
21.88
9.85
14.10
56.16
MSCI AC World NR
-2.43
0.64
4.01
18.49
17.91
16.33
7.37
10.47
39.97
Peer Group Avg - IMA Global
-2.55
0.85
4.10
19.17
18.89
16.34
6.92
10.10
38.78
Peer Group Ranking - IMA Global
2/186
2/186
5/185
3/180
4/180
11/170
23/155
10/153
10/153
All data to 18 December 2013 Melchior Global Equity Fund (GBP)
Melchior Global Equity Fund (GBP)
AUM $m 8.6
8.6
M* Rank
Key:
1st Quartile 2nd Quartile 3rd Quartile 4th Quartile
Melchior Global Equity Fund to offer high alpha returns at passive fees From January 1 2014, the Melchior Global Equity Fund will be the first high performance, actively managed fund available to all investors at a permanent price normally reserved for passive funds. The investment management fee of the fund will be just 0.25% per annum, significantly below the industry norm of 0.75% - 1.5% for active equity funds. The total expense ratio will be capped at 40bps.
The Melchior Global Equity Fund is managed by a highly experienced team led by Nick Mottram, former Global Head of Research at Schroder Investment Management and Head of Equities at Investec Asset Management.
The fund has delivered top decile performance since launch in August 2010, ranking 10th out of 153 funds in the IMA Global peer group (source Morningstar 18/12/13). It has achieved a net return of 56.16% against the MSCI All Countries World Index return of 39.97%, and against a peer group average of 38.78% (source Morningstar. 18/12/13).
The fund’s performance is built on a highly active, bottom-up stock-picking approach. The team scours the world’s markets looking for attractively priced, quality companies that are growing earnings with strong performing share prices. They rank over 6000 companies from across the globe based on how well they score on these fundamental features. Only the team’s 100 best stocks make it into their ‘World Premier League’ of companies and are included in the portfolio. Nick Mottram, Melchior Global Equity Fund manager, said: ‘’I designed and implemented my investment process back in 2000, since when it has been tried, tested and proven to work through some of the toughest market conditions. It is a simple method of investing; we know what drives share prices over time, and how to find companies with the right characteristics.” Magnus Spence, CEO, Dalton Strategic Partnership, said: “The Melchior Global Equity Fund gives investors access to a fully active, global equity stock-picking strategy for a fee of just 0.25%. This fund should appeal to any investor that demands value for money combined with high performance, be it a private or institutional investor”.
[ENDS] For further information please contact: Jonathan Atkins, Redleaf Polhill
[email protected]
Magnus Spence, Partner, Dalton Strategic Partnership LLP Richard Jones, Partner and Head Retail Sales, Dalton Strategic Partnership
020 7382 4752 020 7367 5426 020 7367 5436
Notes to Editors Dalton Strategic Partnership (DSP) is a global investment management firm founded in 2002 by Andrew Dalton and Magnus Spence, former colleagues from Mercury Asset Management/Merrill st Lynch Investment Managers. Assets under management are USD 1.8 billion (as at 31 November 2013). The Firm’s Funds are branded Melchior.
DSP has three core businesses a long only investment management business which manages a range of specialist long-only equity funds – an absolute return business;; and a Wealth Management business offering absolute returns to private clients, charities and family offices through active global asset allocation within fund structures and segregated accounts. DSP is authorized and regulated by the Financial Conduct Authority. Dalton Capital (Hong Kong) Limited is authorized and regulated by the Securities and Futures Commission in Hong Kong, Dalton Capital (Japan) Inc is authorised and regulated by the Financial Services Agency of Japan. These are all owned by Dalton Capital (Guernsey) Limited which is regulated by the Guernsey Financial Services Commission.
Disclaimer This press release (release) is issued by Dalton Strategic Partnership LLP (DSP), which is authorised and regulated in the UK by the Financial Conduct Authority. DSP is a limited liability partnership incorporated in England and Wales with Partnership Number 0C301880. Registered Office: Third Floor, Princes Court, 7 Princes Street, London EC2R 8AQ. This release does not constitute or form part of any offer to issue or sell, or any solicitation of any offer to subscribe or purchase any shares or any other interests nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any contract thereof. This release is not directed at you if you are not a journalist or press officer, or if we are prohibited by any law of any jurisdiction from making the information in this release available to you. Recipients of this release who intend to apply for shares or interests in the Funds are reminded that any such application may be made solely on the basis of the information and opinions contained in the Prospectus or other offering document relating thereto, as and when they become available, which may be different from the information and opinions contained in this document. Please refer to the relevant Prospectus or relevant offering document.
Any research, analysis or views included in this release has been produced by DSP in relation to its investment activities and should not be relied upon for any personal use. Any opinions expressed herein are made as at the date of publication and may change without notice. All data and statistics are sourced from DSP unless otherwise stated. Performance statistics are not necessarily based on audited financial. Past performance is not necessarily indicative of future results and you may not retrieve your original investment. Changes in rates of exchange may affect the price of units or shares. Please use the following internet address to view important information about the Dalton companies: http://www.daltonsp.com/information.asp
Since Since Inception Inception (Ann) (Cum) % %
1 Month %
3 Months %
6 Months %
Year to Date %
1 Year %
2 Years (Ann) %
3 Years (Ann) %
0.76
7.07
10.62
31.12
30.37
21.88
9.85
14.10
56.16
MSCI AC World NR
-2.43
0.64
4.01
18.49
17.91
16.33
7.37
10.47
39.97
Peer Group Avg – Global Flex-Cap Equity
-1.97
1.20
4.42
18.74
18.46
14.59
3.09
7.08
27.26
Peer Group Ranking - Global Flex-Cap Equity
6/161
5/161
15/161
19/157
20/157
20/153
13/148
10/147
10/147
0.76
7.07
10.62
31.12
30.37
21.88
9.85
14.10
56.16
MSCI AC World NR
-2.43
0.64
4.01
18.49
17.91
16.33
7.37
10.47
39.97
Peer Group Avg - IMA Global
-2.55
0.85
4.10
19.17
18.89
16.34
6.92
10.10
38.78
Peer Group Ranking - IMA Global
2/186
2/186
5/185
3/180
4/180
11/170
23/155
10/153
10/153
All data to 18 December 2013 Melchior Global Equity Fund (GBP)
Melchior Global Equity Fund (GBP)
AUM $m 8.6
8.6
M* Rank
Key:
1st Quartile 2nd Quartile 3rd Quartile 4th Quartile
