Northern Trust has been appointed by investment managers Dalton Strategic Partnership to provide custody and fund administration services for its GBP350m (approximately USD550m) Melchior investment funds.

Melchior is the brand name of Dalton Strategic Partnership’s range of funds, of which it manages long-only, hedge funds, one investment trust and segregated portfolios.

Dalton Strategic Partnership has a total of USD1.8bn in assets under management.
 
“At DSP we are dedicated to enhancing and preserving our clients’ capital, a philosophy which has contributed to our significant growth since founding in 2002,” says Magnus Spence, chief operating officer at Dalton Strategic Partnership. “We needed a provider to support us as we continue to grow and diversify our Melchior fund range and deliver innovative solutions to help us meet our goals. We found this in Northern Trust.”
 
“We are delighted to have been appointed by DSP and look forward to supporting them in their continuing development and future growth,” adds Toby Glaysher, head of Northern Trust’s UK global fund services business.

Northern Trust’s global fund services business provides custody, fund administration and investment operations outsourcing to investment managers.