Dalton's Vaiani revamps multi-asset fund

Anna Fedorova
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Luca Vaiani is set to overhaul the investment strategy on Dalton Strategic Partnership's Melchior Global Multi-Asset fund shortly after joining the firm.

Vaiani (pictured) left his role at Fondaco to join DSP in September last year. He took on the Global Multi-Asset fund, a merger of the Melchior Global Balanced fund, run by Rupert Caldecott, and the Melchior Global Active fund managed by DSP's founder Andrew Dalton, who passed away in April 2011. "Dalton's strategy was more about actively shifting allocation between equity and cash, but my approach is unconstrained and diversified across asset classes, investment instruments and regions," Vaiani said. He called his investment style "more idiosyncratic" than his market peers and said h...

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