DSP partners take 50% stake in firm

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Senior executives of Dalton Strategic Partnership (DSP) are set to purchase equity in the firm following the death of founder Andrew Dalton in April last year.

Twenty partners will control 51.5% of DSP’s equity, while the Dalton family will retain a 25% stake in the business. The agreement will come into play in February. DSP said the move will ensure the firm remains independent and incentivises the executives to continue to grow the business as a private company. DSP’s external shareholders and strategic partners, FuNNeX Asset Management, based in Tokyo, and Interward Asset Management, based in Toronto, will also retain their interest in the group. Among the partners involved in the equity purchase are Magnus Spence (pictured), who has ...

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