London-based boutique names new lead on US equity fund

By on

London-based Dalton Strategic Partnership has named former Henderson analyst Nabeel Mughal as lead manager on its North American equity strategy.

This follows the high profile departure of former lead manager Peter Kaye, who stepped down from the fund last month and is set to join Fidelity in the first quarter of 2013.

In joining Fidelity, Kaye will take over the Fidelity American fund from long-standing portfolio manager Aris Vartis, who left the firm at the end of December.

Kaye had run the Luxembourg-domiciled Melchior Selected Trust North American Opportunities fund since January 2008. He had also run the UK-domiciled version of the fund - Melchior North American Opportunities.

Mughal has assumed responsibility for both of these portfolios.

Prior to joining Dalton in 2009, Mughal had served as an analyst on the North American equity team at Henderson Global Investors. He has 11 years of investment experience.

During his tenure at Henderson, Mughal had co-run two mandates on behalf of Italian investment firm Bip Italia. These were the Bipitalia Henderson Valore fund and the Bipitalie Henderson Crescita funds, both of which were closed on January 7 2008.