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MONEY MANAGEMENT

Dalton Strategic Partnership to purchase MSK Capital Partners

Dalton Strategic Partnership will acquire global equity long/short money manager MSK Capital Partners, a DSP spokesman said.

Financial details of the 100% acquisition were not disclosed. The deal is expected to close in the next few weeks, the spokesman said.

DSP, which specializes in absolute return, long-only equity and credit strategies for institutional investors, is acquiring the business from existing MSK shareholders, of which Makis Kaketsis, chief investment officer, was the majority shareholder, the spokesman said.

MSK Capital Partners will be integrated into the Dalton Strategic Partnership platform, and its strategies will retain the MSK brand.

DSP has $1.84 billion of assets under management. MSK manages about $230 million in assets.

“This is a transformational step for MSK,” Mr. Kaketsis said in a news release. “We have known DSP for many years and are certain that our two businesses are highly complementary. We are looking forward to working with our new colleagues at DSP.”