Northern Trust has been selected by investment managers Dalton Strategic Partnership (DSP) to provide custody and fund administration services for its $550m Melchior investment funds. The services include fund accounting and transfer agency.
Melchior, the brand name of DSP’s range of funds, manages long-only, hedge funds, one investment trust and segregated portfolios. DSP has a total of $1.8bn in assets under management.
DSP chief operating officer Magnus Spence said, “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.”
Northern Trust UK Global Fund Services business head Toby Glaysher said, “We are delighted to have been appointed by DSP and look forward to supporting them in their continuing development and future growth.”