DSP's Dalton Dies At 61

Apr 28 2011 | 12:24pm ET

Hedge fund veteran Andrew Dalton, founder of Dalton Strategic Partnership and former vice chairman of Mercury Asset Management, died on Sunday. He was 61.

Dalton suffered a heart attack at his family home in Scotland.

"Andrew has been a highly respected and inspiring colleague who will be sorely missed by all those who have had the privilege of knowing him," Magnus Spence, who was named Dalton's successor at DSP, said. "If you have met Andrew or heard him speak, you will know the energy, exuberance and enthusiasm he brought to investment, and to the wide range of his other activities and interests."

Dalton managed DSP's global asset allocation and its Melchior Global Macro hedge fund at the time of his death. He founded the firm, which has $2.2 billion in assets under management, nine years ago.

Dalton is survived by his wife, Jenny, and four children.

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