Author: Caitlin Tesoriero

Venkat Pasupuleti, Portfolio Manager for the India strategy at Dalton Investments, was recently quoted in Barron’s, discussing the surge of IPOs in India. Retail investors are currently pouring billions into mutual funds, driving up valuations for newly listed companies. While enthusiasm is high . . .

December 2025 – Dalton Investments issued the letter below publicly to the management and directors of its portfolio companies. Driven by the capital market reforms led by the government and the Tokyo Stock Exchange, Japan’s capital markets are entering a new golden era. Dalton emphasizes that this period, although challenging for . . .

Sanae Takaichi’s election as Japan’s first female Prime Minister marks a historic turning point, following the LDP’s new coalition with the Japan Innovation Party. Despite short-term political uncertainty, her administration signals policy continuity and a focus on economic reform . . .

Rising Sun Management (“RSM”), an affiliate of Dalton Investments (“Dalton”), has sent a letter to the President and Board of Directors at Fuji Media Holdings (“FMH”) regarding FMH’s recently announced “Reform Action Plan.” The letter . . .

Dalton Investments Partner Owens Huang was featured in Central News Agency (CNA) Taiwan’s coverage of Salesforce’s annual Dreamforce conference in San Francisco, where he commented on ongoing debate surrounding whether AI has entered a “bubble” phase. Mr. Huang argued that . . .

Sanae Takaichi’s historic election as LDP leader sets the stage for Japan’s first female prime minister, promising political stability and policy continuity. Her conservative approach and support for Abenomics have boosted market confidence, with the Nikkei surging nearly 5%. Dalton expects . . .

The share price of Aska Pharmaceutical Holdings (“Aska”) has declined significantly following the September 30 release titled “Notice Regarding the Termination of Procedures Based on the Policy for Responding to Large-Scale Purchases of the Company’s Shares, etc., in Connection with . . .

Dalton CIO, James B. Rosenwald III, recently interviewed with Nikkei Business, discussing recent announcements by Aska Pharmaceutical and Bunka Shutter to potentially implement a poison pill in order to block shareholder efforts to have . . .

On September 30th, 2025, Dalton Investments (“Dalton”) sent a letter to Aska Pharmaceutical addressing its objections to considering a management buyout and the threat that it would enact a poison pill if Dalton increased its ownership level to 30%. Excerpts of the letter are below . . .

In their report “Diligent Market Intelligence: Shareholder Activism in Asia 2025”, Diligent highlights Dalton as one of “Asia’s top activist investors”. When the activity of Dalton Investments and its affiliate company Rising Sun . . .