News & Insights

The decision by South Korea’s left-leaning Democratic Party to scrap the capital gains tax, alongside the right-leaning Yoon administration’s introduction of the Corporate Value-Up Program, reflects a shift in the political landscape regarding the stock market. The stock market has …
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Owens Huang, Portfolio Manager, discusses the four key structural challenges facing China in his piece, “Thoughts from a China Bear.” According to Huang, the sudden rebound in demand for Chinese equities does not suggest that China has already bottomed out. …
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The victory of Shigeru Ishiba in the 2024 Liberal Democratic Party (LDP) presidential election has generally been viewed with caution in the investment community. Having analyzed the manner of Ishiba’s victory and the statements made in the weeks before the …
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Portfolio Manager, Owens Huang provides commentary on Moutai, a style of the Chinese alcoholic spirit baijiu, made from the cereal crop sorghum using traditional Chinese distilling techniques. The most famous brand of Moutai is Kweichow Moutai, produced by Chinese state-owned enterprise …
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Contrary to the opinion polls and exit polls ahead of India’s general election, Prime Minister Narendra Modi won just 240 seats out of 543 seats, denying him a single party majority in parliament. Indian investors are clearly taking this result …
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Last summer, Dalton predicted an increase in unsolicited takeover bids within the Japanese market. Eight months later, this prediction is coming true. Read more about the Japanese stock market’s potential to evolve into a true market for corporate control.

Chinese property stocks were once a material part of Dalton’s regional Asian portfolios. However, in recent years, Dalton has substantially reduced its exposure to Chinese stocks. Read more about the underlying problems in the Chinese real estate market and the …
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The prevailing opinion amongst institutional investors appears to be that the India stock market is trading at a stretched level of valuations. While parts of the market are indeed showing signs of frothiness, we believe that a segment of the …
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For many years, India has been somewhat of an afterthought for many asset allocators. Unlike China, which saw its meteoric growth coupled with a rapid increase in its weight in global stock market indices (and hence the asset allocation benchmarks …
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On March 19, 2024 the Bank of Japan (BOJ) made three major announcements: In this Japan update from Shiro Hayashi, we discuss the implications following the end of negative interest rates in Japan. Read the piece here.

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 …
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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 …
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Toyota Motor Chairman Akio Toyoda’s plan to buy out Toyota Industries has won over Dalton Investments. This buyout attempt prioritizes shareholders first, unlike in the past, when Japanese companies prioritized employees over shareholders, according to Dalton Investment’s CIO, Jamie Rosenwald. …
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In 2024, the number of activist campaigns rose to 258, driven by the rise in Asia-Pacific campaigns. In particular, Japan activist campaigns are at an all-time high, fueled by the push for corporate governance reform. Dalton Investments was called out …
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Jamie Rosenwald, Chief Investment Officer of Dalton Investments, was quoted in a Bloomberg article “Activist Investing Booms in Japan, Led by Elliott’s Successes.”   The article mentions Dalton’s stake in Aska Pharmaceuticals Holdings Co., where the former CEO’s 37-year-old son is …
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Venkat Pasupuleti, Portfolio Manager at Dalton Investments, was recently quoted in Barron’s, discussing the Indian stock market. After President Trump’s “Independence Day” tariff turmoil, the Barron’s article notes that there is good news and bad news for India. On one …
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James Lim, a Portfolio Manager at Dalton Investments, was recently quoted in Barron’s, discussing opportunities in the Korean stock market.  Like many export-oriented countries, the Korean stock market experienced a drawdown following the April 2nd announcement that the U.S. will …
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James Lim, a Partner and Portfolio Manager at Dalton Investments, was recently appointed to the board of Kolmar Holdings. Dalton has recently expanded its stake in Kolmar Holdings to 5.69% and changed its purpose of ownership from simple investment to …
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Dalton Investments announced the opening of a new office in Seoul, Korea, to be co-headed by Dalton Partner Sung Yoon “James” Lim and former Merrill Lynch Korea research head Bryan Gisuk Song. Read the press release here.

Owens Huang, a portfolio manager at Dalton Investments, a U.S. investment firm, pointed out that “this challenges the U.S. government’s restrictions on technology exports to China and could lead to increased scrutiny of companies like Nvidia, which are key to …
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