Continuing the trend of regulated versions of successful funds emerging, global investment management firm Dalton Strategic Partners is launching the MST European Fund – a UCITs-compliant version of the Melchior European Fund – as a sub-fund of the Melchior Selected Trust, a Luxembourg-domiciled SICAV.  

The MST European fund aims to replicate the strategy of the Melchior European Fund and achieve absolute returns uncorrelated to equity or bond markets, using the full UCITs III powers, including leverage and derivatives, the firm said in a press statement.

The fund will be launched on 1 February 2009 and will be managed by Leonard Charlton, fund manager of the Melchior European Fund and a former portfolio manager at GLG and trader at Goldman Sachs. Also on the fund management team are analysts David Robinson and Benjamin Billiard and trader Daniel Blake.

The fund will offer daily liquidity, with minimum investments of $10,000 and $250,000 for retail and institutional investors respectively.