Zenith rates Prodigy-backed Dalton Street

approved/rating/absolute-return/

29 November 2017
| By Staff |
image
image
expand image

Absolute return manager Dalton Street Capital has received an inaugural “approved” rating from research and ratings house, Zenith.

The manager announced this week that the rating had come off the back of its recent inclusion on the NetWealth and Hub 24 platforms and at the same time as it reached $60 million in funds under management (FUM).

Backed by Prodigy Investment Partners, Dalton Street was founded by former Credit Suisse colleagues, Alan Sheen and Nick Selvaratnam.

Commenting on the firm’s approach, Dalton Street chief executive, Selvaratnam said advisers had been taking a much more active approach to investing including with respect to model portfolios.

“Groups like Zenith understand there is real value in looking at funds like ours early, we have limited capacity so it’s a case of early adoption making sense,” he said.

Chief Investment Officer Alan Sheen also commented, “One of the major factors in our model is volatility and whilst the VIX is at an all time low, and really hasn’t moved for months, most investors know volatility can return to markets quickly. Investors are looking for a way to protect their portfolios whilst remaining fully invested in growth assets.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 6 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 5 days ago

TOP PERFORMING FUNDS