News & Insights

August 31, 2020 Dalton Investments has become a signatory to Climate Action 100+, which is an investor initiative to ensure that the world’s largest corporate greenhouse gas emitters take necessary action on climate change. Through this initiative, more than 450 …
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On June 23, 2020, the Department of Labor issued a rule proposal aimed at formalizing and updating DOL’s interpretation of ERISA fiduciaries’ obligations regarding ESG integration. The PRI (to which Dalton is a signatory) argues that the proposal fails to …
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Dalton Investments (Dalton) is delighted to announce the appointment of Sarah Alfandari as its new Chief Executive Officer. Dalton has had a close relationship with Sarah in her capacity as co-founder of Longchamp Asset Management (Longchamp), Dalton’s European distribution partner, …
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Dalton Investments (“Dalton”) continues to believe that there is a compelling long-term opportunity for investors in Korea, due to the country’s very low valuations and improving corporate governance and capital allocation practices. As an engaged investor, Dalton believes that it …
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Dalton Investments LLC (“Dalton” or “we”) utilizes a value investment approach that seeks to invest in companies with sound, sustainable businesses, operated by managements whose interests are aligned with shareholders. Client portfolios are built one security at a time; each …
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South Korea is a small but densely populated Asian country (roughly one quarter of the area of Japan, with 52 million people, of which 20 million are in the greater Seoul area alone). It has a per capita GDP of …
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China is a fertile market for finding the types of entrepreneurial companies that Dalton seeks to partner with. Using the internet sector as an example, China went from having two global leading companies (of the top twenty global internet companies …
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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, …
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Crisis can create opportunity. The Financial Crisis of 2008 was such an occasion, upending the established financial system, while creating new industries now taking root in the broader economy. Among the most successful . . .
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Anyone who worked in Asia before the 1990’s will remember that the Asian Economic Miracle was just that—a miracle. . .
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As volatility persists in the interest rate environment, structured mortgage-backed securities (“MBS”) backed by adjustable-rate mortgages look attractive . . .
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Although value investing is undergoing one of its periodic lapses in favor, Rosenwald knew it could beat the market over the long haul. He had only to point to nine of Graham’s successful . . .
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Japan has about 3,500 publicly listed companies, but David Baran thinks there really should be fewer than 2,500. A third of Japan’s public companies, he says, would be better off privately owned and run . . .
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Emerging markets bonds and equities have taken divergent paths in 2011 despite having similarly strong long-term outlooks. Emerging markets bonds have taken on some of the safe-haven status of their developed-markets . . .
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Hold on for just a New York minute now and consider the powerfully serious message the bond market sent last week about the political dithering in Washington and in Europe’s . . .
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Finding opportunity in debt is easy, say the guys at Dalton Investments. All you have to do is travel the globe. Steven Persky and James Rosenwald clearly didn’t spend much time coming . . .
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Dalton Investments is proud to announce that Sarah Alfandari, Chief Executive Officer, has been featured in The Hedge Fund Journal’s “50 Leading Women in Hedge Funds 2020,” which recognizes inspiring women who are making a mark within the hedge fund …
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November 4, 2020 Dalton Investments LLC (“Dalton”) previously made the decision to formalize and publish its Sustainable Investment policy on March 18, 2018, amended as of November 14, 2019, to incorporate the UN Principles for Responsible Investment, on January 1, …
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September 2020 Dalton Investments LLC (together with its affiliated entities, “Dalton”) supports the Japan Stewardship Code and its aim to promote the sustainable growth of investee companies through investment and dialogue with company management. Adoption of the Code is consistent …
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September 8, 2020 Jamie Rosenwald, Senior Asia Portfolio Manager at Dalton Investments LLC, recently appeared on TV Tokyo. The interview discusses Mr. Rosenwald’s point of view on Japanese stocks, in light of Prime Minister Abe’s announcement of resignation last month. …
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September 1, 2020 Jamie Rosenwald, Senior Asia Portfolio Manager at Dalton, was recently quoted in Reuters regarding Warren Buffets $6.2 billion investment into Japan’s five largest trading houses.   Rosenwald notes that Buffet got a bargain “at laughably low valuations on …
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July 29, 2020 Venkat Pasupuleti, senior research analyst, was recently quoted in the “South China Morning Post,” discussing the attractiveness of foreign investment in India. Watch the video here.

July 9, 2020 James Lim, senior research analyst, was recently featured on “Bloomberg TV: Markets Asia,” discussing the Korean stock market and corporate governance. Watch the video here.

June 30, 2020 Craig Mercer, Chief Research Officer, was recently quoted in Forbes discussing decoupling from China. Mercer notes that, “We are at the beginning of a long-term decoupling from China,” and “over the past few decades, it has been …
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June 24, 2020 Jamie Rosenwald, Lead Portfolio Manager, was recently quoted in Bloomberg discussing Dalton Investments’ activist campaigns in Japan and the impact of COVID-19 on the number of activist campaigns in Japan overall. He notes that, “Dalton has not …
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June 22, 2020 Belita Ong was recently featured on “Bloomberg Daybreak Asia,” discussing the markets with Doug Krizner and Paul Allen. Listen to the interview here.

June 22, 2020 Belita Ong was recently featured on “Bloomberg Markets: Asia,” discussing her views on U.S. and Asia equity markets. Watch the video here.

June 5, 2020 In advance of the Annual General Meeting of Tenma Corporation to be held in June of 2020, Dalton Investments LLC, in the below release, openly responds to Mr. Osamu Tsukasa’s questions and statements issued earlier this week.  …
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May 27, 2020z In advance of the Annual General Meeting of Tenma Corporation (“Tenma”) to be held in June of 2020, Dalton Investments LLC (“Dalton”) provides the following analysis of the proposals anticipated to be brought before the meeting.  As …
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February 19, 2020, Owens Huang, senior research analyst, was recently quoted in Forbes discussing how companies’ decision to move their supply operations out of China might be accelerated by the coronavirus. “We have already seen quite a lot of manufacturing in …
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February 18, 2020, Owens Huang, senior research analyst, was recently quoted in Forbes discussing how the coronavirus is reported. “The increase shouldn’t be a surprise for investors who follow China closely right now,” says Owens Huang, senior research analyst for …
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Venkat Pasupuleti, co-portfolio manager for the Dalton India Strategy, was recently quoted in Barron’s discussing the recent unveiling of India’s fiscal budget. “There were a lot of expectations from the budget, but we didn’t see anything serious,” he says. Pasupuleti …
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January 1, 2020, Dalton Investments, headquartered in Santa Monica, announces the opening of Dalton Investments (Australia) Pty Ltd (“Dalton Australia”), a new subsidiary research and client service office in Sydney. Dalton Australia adds to the resources of Dalton’s two other …
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Belita Ong, CEO of Dalton Investments in Santa Monica, was recently featured on “Bloomberg Daybreak: Australia,” discussing the current opportunities she sees in Asian markets, particularly in South Korea, Japan and India. Watch the whole video.

California-based hedge fund Dalton Investments has called on Korean lawmakers to keep corporate governance practices in check, arguing this would boost both investor confidence and the value of the nation’s stock market. Ten months after issuing a similar letter to …
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We believe that rigorous, bottom-up analysis of securities based on an environmental, social and governance (“ESG”) lens offers several positives for emerging markets investors, including the potential to mitigate risk and generate superior long-term returns. However, both quantitative and fundamental …
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