Rupert Caldecott, former global funds manager and managing partner at Dalton Strategic Partnership (DSP), has completed a buyout to launch his own investment management firm, RM Caldecott & Partners (RMCP), with existing high-net-worth clients.
Caldecott (pictured) joined DSP from Schroders in 2006 and was a partner and global funds manager, managing the firm's global asset allocation portfolios, and has extensive experience in running absolute return strategies.
He has joined forces with Neill Blanks, private client portfolio manager at DSP, to spin out wealth management business RM Caldecott & Partners (RMCP).
The pair worked together at DSP for a decade, running the private client side of the business.
DSP is a significant and sizeable investor in the new venture and the duo will continue to manage the existing Melchior Global Conservative fund, which will be marketed externally for the first time.
Nick Mottram, head of global equities at DSP, will also sit on the RMCP investment committee.
The new firm is also backed by several key industry figures, including former Waverton chief executive Hugh Grootenhuis.
A statement said the buyout would allow clients to continue to benefit from Caldecott's long track record of delivering steady returns with a low level of volatility whilst in due course gaining access to a wider range of investment talent.
Caldecott said: "The launch has enabled RMCP to retain its strong connection with the investment resources provided by DSP, but will also allow the partnership to attract senior investment professionals and to develop its business accordingly.
"RMCP's approach will continue to focus on the wealth management needs of its individual private clients and in particular to deliver an asset allocation framework that is simple, effective and inexpensive."
Wenceslas von Liechtenstein, chief executive at DSP, added: "DSP is delighted to be a sizeable investor in this new venture and actively supports the launch of RMCP.
"DSP will continue to work closely with Rupert and his extended team in their new business, ensuring that clients continue to have access to our combined investment management expertise.
Approaching $1.5bn capacity limit
Leader of People's Party
Listing two global equities strategies
Aims to encourage competition in industry
Markets went into freefall