Dalton Strategic Partnership has hired former Chenavari senior money manager Yassir Benjelloun-Touimi to develop its nascent credit business.

Benjelloun-Touimi has joined Dalton as a partner, according to a statement. He departed London-based hedge fund Chenavari earlier this year and formerly worked as head of European credit-flow trading at UBS Group AG.

Dalton, also based in the U.K. capital, oversees about $2.4 billion of assets for investors including family offices and charities, according to its website. The firm is building a credit business that will offer absolute-return investments through offshore or European Union funds, according to the statement.

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