Dalton to close underperforming Melchior Japan hedge vehicle

Dalton Strategic Partnership is looking to close its Melchior Japan hedge fund following continued u...

Dalton Strategic Partnership is looking to close its Melchior Japan hedge fund following continued underperformance. The Dublin-listed long/short fund is run by FuNNeX Asset Management's Ken Nishizawa. The fund seeks to profit from anomalies between stock price levels and perceived future value. DSP said it is in the process of contacting investors in order to close the fund as it is no longer economical to run the strategy. It said the fund, like other Japanese offerings, has struggled to delivered significant returns as the demand for long/short vehicles in the region has greatly ...