January 28, 2019
Santa Monica, CA (Jan. 28, 2019) – Dalton Investments LLC (“Dalton”) announced today that Craig Mercer, through his company Dalriata Pty. Ltd, has entered into a consulting relationship with Dalton and will act as an environmental, social, and governance (ESG) specialist. In this role, Mercer will continue building out the firm’s sustainable investment approach. Mercer will be responsible for conducting in-depth reviews of investment ideas, analyzing ESG-specific issues and risks, and supporting shareholder engagement with an ESG lens.
Mercer brings over 20 years of industry experience to the position, having previously held a range of leadership roles in the asset management and consulting fields. In 2015, Mercer co-founded Remerga, an asset manager focused on sustainable investing in emerging markets, which he ultimately sold to Optimal Fund Management in 2018. Before that, Mercer worked with Dalton from 2011 to 2013, where he ran the firm’s London operations.
Mercer commented, “I am honored to work with Dalton, where consideration of ESG is a factor in its long-term investment approach across all the firm’s strategies. Considering companies with superior ESG credentials can only help Dalton in making investment decisions.”
Dalton’s value investing approach places alignment of interest with minority shareholders, corporate governance, and company engagement at the heart of its value proposition.
Belita Ong, Dalton’s Chief Executive Officer, said, “ESG is still very much in its nascent development phase in the emerging markets, while at the same time, investors in the developed world are increasingly making this a key factor in their decision-making processes. Boosting our ESG capabilities with this arrangement presents us with an opportunity to be ahead of the curve in our thinking and capture opportunities that better connect these parties.”
About Dalton Investments
Dalton Investments LLC is a value-focused investment management firm with expertise in Asia equities, global equities and fixed income. Headquartered in Los Angeles, with a subsidiary office in Tokyo, Dalton manages $3.8 billion (November 30, 2018) in actively managed long-only and long/short strategies for pensions, endowments, foundations, financial institutions and family offices.