Rupert Caldecott and Neill Blanks have completed a management buy-out from Dalton Strategic Partnership (DSP), launching a new investment management business, RM Caldecott & Partners (RMCP), with their existing high net worth clients.
DSP is a significant investor in the business which launched in early September. Caldecott is well known for managing absolute return portfolios based on an active global asset allocation strategy.
Caldecott says: “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”.
RMCP is backed by a number of experienced figures from the investment community, including former Waverton Investment Management Chief Executive Hugh Grootenhuis, and Tom Chandos, the chair of the investment committee of one of the UK’s largest charitable foundations and a former non-executive director of Sandaire. Caldecott and Blanks have run the private client side of the DSP business together for more than 10 years and believe that now is the right time for the team to spin-out from DSP.
The buy-out enables clients to continue to benefit from Rupert’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. Rupert and Neill will continue to manage the Melchior Global Conservative Fund, which they have managed for over five years and which will now be marketed externally for the first time.
Richard Jones, Head of Distribution at Dalton Strategic Partnership says: “DSP has built a strong reputation as an institutional asset manager focussed on delivering investment solutions to the professional investment community around the world. The buy-out of the private client business from DSP represents a change, not a break. Nick Mottram, DSP’s Head of Global Equities, will sit on the RMCP Investment Committee and the Melchior Global Conservative Fund will continue to be managed by Rupert and the team within the Melchior Selected Trust platform.”
Wenceslas von Liechtenstein, Chief Executive at Dalton Strategic Partnership, says: “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.”