In a statement, the fund manager said financial adviser demand for alternative strategies was growing, noting Dalton Street has also been approved by Hub24, Netwealth and Mason Stevens.
“Platforms that are focused on the agile, independent adviser market are responding more quickly with approvals for these new types of strategies,” said Dalton Street portfolio manager Alan Sheen.
The statement said the “late stage bull market” currently facing investors has led financial advisers to seek out “uncorrelated alternative opportunities”.
Dalton Street co-founder Nick Selvaratnam added the fund is receiving growing recognition among investors.
“We have a unique fund, and the fund is growing nicely, the benefits of absolute return investing are becoming more accepted and clients really understand the benefits of compounding returns these days,” he said.
