Northern Trust in mandate win 16 August 2010London Reporter: Justin Lawson
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Northern Trust has been appointed by independent global investment managers Dalton Strategic Partnership LLP to provide custody and fund administration services - including fund accounting and transfer agency - for its GBP350 million Melchior investment funds.
Melchior is the brand name of DSP's range of funds, of which it manages long-only, hedge funds, one investment trust and segregated portfolios. DSP has a total of US$1.8 billion 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," said Magnus Spence, chief operating officer at DSP. "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," said Toby Glaysher, head of Northern Trust's U.K. Global Fund Services business.
Northern Trust's Global Fund Services business provides custody, fund administration and investment operations outsourcing to investment managers across the globe and across the spectrum of asset classes.
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