Author: Michael Caroff

On June 10, 2025, ISS recommended approval of all FMH management-proposed candidates and rejection of all 12 outside director candidates proposed by Dalton Investments, Inc. and/or its affiliate Rising Sun Management Ltd. Read rebuttal to the report here . . .

In the notice for the 84th regular shareholders’ meeting published on May 30, 2025, the board of directors of Fuji Media Holdings (FMH) formally stated its opposition to all 12 of our proposed independent outside director candidates. We . . .

Dalton launched its first dedicated Indian fund (the Dalton India Fund) in July 2014, following the arrival of Portfolio Manager Venkat Pasupuleti at the firm. With the fund now more than ten years old, the team put together a two-part analysis on how the investment case for India has evolved over . . .

Translated from the original Japanese: “The financial results were a little better than expected. The market had predicted a gross profit margin of around 58%, but the actual figure was 61%, and earnings per share also exceeded expectations . . .

Dalton Investments CIO, Jamie Rosenwald, discusses efforts to engage and collaborate with other Fuji Media Holdings (FMH) investors to advocate for significant structural reforms, including the spin-off of FMH’s real estate division, the appointment of a new board of directors . . .

Jamie Rosenwald, Dalton’s CIO, and Masumi Nishida, Partner and Managing Director, were guests on PIVOT, which is the largest business-related channel in Japan (3.3m followers) . . .

Dalton Investments CIO, Jamie Rosenwald, was featured in Nikkei Asia, discussing Dalton’s plans to improve Fuji Media’s board of directors. Dalton has proposed 12 new directors, in an effort to improve the board’s quality and focus on corporate . . .

Dalton launched its first dedicated Indian fund (the Dalton India Fund) in July 2014, following the arrival of Portfolio Manager Venkat Pasupuleti at the firm. With the fund now more than ten years old, the team put together a two-part analysis on how the investment case for India has evolved over . . .

Jamie Rosenwald, CIO of Dalton Investments, was mentioned in NHK World, discussing Dalton’s shareholder proposal to Fuji Media. Dalton has proposed 12 new directors for the Fuji Media board. Fuji Media Holdings has said the board will review Dalton’s proposal and announce its response . . .

Dalton Investment’s CIO, Jamie Rosenwald, was featured in the Japan Times, discussing his desire to implement needed corporate governance changes at Fuji Media without a potential proxy fight. Dalton Investments is demanding that the company change its board members, spin . . .