Partners

Andrew Dalton Investment Experience: 36 years Dalton Strategic Partnership: 6 years (Managing Partner) Focus: Top Down Andrew was previously employed with S G Warburg & Co Ltd, Mercury Asset Management Group Plc and Merrill Lynch Investment Managers for 30 years.  Latterly he headed that firm’s Total Return Team.  He was an executive director of Mercury Asset Management Group plc from its establishment in 1987 until its sale in 1997 and Vice Chairman of its principal operating subsidiary, Mercury Asset Management plc.  He was Chairman of Mercury Selected Trust and of Mercury Offshore Sterling Trust, its two flagship offshore fund groupings.   He was also the first President and subsequently Chairman of Mercury Asset Management Japan Ltd.    In addition, he was Chairman of Mercury/Merrill Lynch’s other Far Eastern subsidiaries in Hong Kong and Singapore and a Director of the Mercury KAG.  He was responsible for Mercury’s international business in the 1990s and at various times has been a North American specialist fund manager and Head of the Far Eastern Investment team.  For most of the last 20 years, he has been a member of the Mercury/Merrill Lynch Investment Managers Central Investment Strategy Group.  He has a degree in Modern History from Magdalen College, Oxford.

Magnus Spence Investment Experience:  13 years Dalton Strategic Partnership: 6 years (Partner) Focus: Chief Operating Officer Magnus was Head of the Ultra-High Net Worth Team at Merrill Lynch Investment Managers responsible for this client segment in the UK, Europe, Asia and the Middle East. He trained as a chartered accountant in London and was the group financial controller of Mercury Asset Management Group plc.

Gemma Bainbridge Investment Experience:  9 Years Dalton Strategic Partnership: 4 Years (Partner) Focus: Chief Financial Officer Gemma has been responsible for Group Finance at Dalton Strategic Partnership since May 2004.  Prior to joining DSP, Gemma worked for Ernst & Young LLP for 5 years where she specialised in the Alternative Investment Management sector.  Gemma is an ACCA qualified Accountant.

Daniel Blake Investment Experience:  21 years Dalton Strategic Partnership: 6 Years (Partner) Focus: Head of Trading Daniel has 21 years of market experience. Prior to joining Dalton Strategic Partnership, he was Head of Trading at Magus Asset Management for a period of nine years. He has also been Head of Trading at Enskilda Asset Management.

Rupert Caldecott Investment Experience:  31 years Dalton Strategic Partnership: 1 year (Partner) Focus: Business Development - Family Offices and Private Clients Rupert worked for the Schroder group for 28 years, including periods as managing director of its securities and private wealth management businesses.   He was latterly a director of Cazenove Capital Management. He has a degree in Modern languages from Worcester College, Oxford.

Leonard Charlton Investment Experience: 10 years Dalton Strategic Partnership: 2 years (Partner) Focus: European Stock Selection Leonard was previously employed by GLG Partners where he was co-manager of the GLG European Opportunity Fund. Prior to this he was an equity trader for Goldman Sachs International between 1998 and 2003. Leonard holds an MSc in Management Science from the University of Manchester Institute of Science and Technology.

John Cotton Investment Experience:  37 Years Dalton Strategic Partneship: 5 years (Partner) Focus: Business Development - Family Offices and Private Clients John has worked principally on business development and relationship management globally since October 2003.  Between 1981 and 1992 he created, as its Managing Director, a private banking group in London, the Channel Islands and Nassau for the Banque Belge Group (now Mees Pierson/Fortis).  From 1992 over the next eleven years he was a Managing Director of Mercury Asset Management, and, after its acquisition, by Merrill Lynch Investment Managers developing its private client and family office business domestically and across the world.  In both these positions he travelled frequently in South East Asia and was, inter alia, a Director of Mercury's Hong Kong subsidiary.

Richard Jones Investment Experience:  14 Years Dalton Strategic Partnership: 2 Years (Partner) Focus: Business Development - Wholesale   Before joining Dalton Strategic Partnership in 2006 Richard was Head of Pan European Sales at First State Investments in London. Richard and his team were responsible for the distribution of First State's long only and hedge fund products, collective and segregated, to European wholesale institutions and intermediaries. Prior to joining First State in 2001, Richard was responsible for the distribution of JP Morgan investment funds into sections of the UK intermediary market. Before joining JP Morgan in 1998, he was responsible for the regional distribution of investment funds for Fidelity Investments in the UK. Richard joined Fidelity in 1994.

Peter Kaye Investment Experience: 12 years Dalton Strategic Partnership: 4 years (Partner) Focus: North America Stock Selection Peter was previously employed by Henderson Global Investors as Head of their North American Equity Team.  Prior to this, Peter was the Manager of the Mercury Selected Trust North America fund, which was AAA rated by S&P.  Peter was educated at Cambridge University, where he obtained an MA and a PhD.  He is also a CFA Charterholder.

Rupert Mahon Investment Experience:  9 Years Dalton Strategic Partnership: 2 Years (Partner) Focus: General Counsel Rupert Mahon, Partner, business and product development, product launches and is responsible for legal affairs as General Counsel of the firm.  Rupert qualified as a solicitor in 1999 and worked in private practice in London until 2004 when he set up a niche financial strategy business developing and marketing specialist collective investments in conjunction with financial institutions.  Rupert joined Dalton Strategic Partnership in January 2006.

Kwasi Missah Investment Experience:  18 years Dalton Strategic Partnership: 2 years (Partner) Focus: Chief Technology Officer Kwasi joined Dalton Strategic Partnership in March 2006 as Chief Technology Officer. Prior this, he worked for Goldman Sachs for 10 years, most recently within their Prime Brokerage business, managing technology implementations and projects for their hedge fund clients. He has 18 years experience within technology divisions at financial organisations.

Glen Pratt Investment Experience: 14 years Dalton Strategic Partnership: 2 years (Partner) Focus: UK Stock Selection Glen joined from Newton Investment Management, where he was lead manager on £1.7 billion of UK equities, including the Newton Growth Fund (A rated by S&P) and the Newton Income Fund (A rated by S&P and AA rated by OBSR - Forsyth). He joined Newton in January 2003 from Fidelity where he managed the Fidelity UK Aggressive Fund. Under his management this fund achieved top quartile performance over four years and was rated 5 star by Morningstar.

Managing Directors of Offshore Subsidiaries

Henrietta Luk  Investment Experience: 21 years Dalton Strategic Partnership: 3 years (Partner) Focus: Asia Stock Selection As Managing Director of Dalton Capital (Hong Kong) Ltd, Henrietta has more than 20 years experience as an investment professional, having been a securities analyst for two and a half years and a fund manager for the last 18 years. She spent five years at Hambro Pacific Fund Management, where she was the director heading the investment team. She won the Micropal Award for the UK Investment Trusts Far East ex Japan Sector in 1996 and in 1997, she was named Fund Manager of the Year by Investment Week. She was one of the co-founders of Eva Asset Management and was the manager of Eva Shareholders' Value Fund.

U.R. Bhat Investment Experience: 17 years Dalton Strategic Partnership: 3 years (Partner)  Focus: India Stock Selection UR is the founding member of Dalton Capital Advisors (India). He was a former Director and Chief Investment Officer of Jardine Fleming India Asset Management and its successor JF Asset Management (India). Prior to this he was Executive Vice-President of Indian Bank Mutual Fund,  a pioneer company in India’s mutual fund business.  U.R. has over 15 years experience and holds an M.Sc. from the Indian Institute of Technology and is a Fellow of the Chartered Institute of Bankers, London.

Steve Golann Investment Experience:  35 years Dalton Strategic Partnership: 2 years (Partner) Focus: Business Development - US Steve Golann, Partner, managed Mercury Asset Management International's U.S. business for 13 years from 1989 to 2001, where he was responsible for packaging and marketing Mercury's specialist equity products.  He began his career as a pension consultant with A.G. Becker and worked as a Managing Director at two international investment firms, Wertheim Philippe and Focus Investment Group.  Steve has a B.A. degree in Economics from Trinity College and a J.D. from Vanderbilt Law School.