Polar Capital, an active asset management group, completed the acquisition of Dalton Capital, a UK based boutique asset manager, for $29m. "The Acquisition of Dalton Strategic Partnership is further delivery of our growth and diversification strategy and is an excellent strategic, geographic and cultural fit with our existing business. It delivers greater scale, new capabilities and an expanded distribution reach in Europe, as well as highly experienced investment teams with a good track record. This acquisition will also provide Polar Capital with its first Luxembourg SICAV," Gavin Rochussen, Polar Capital CEO.