Terms & Conditions


Please read these terms and conditions of use carefully. By accessing this website and any pages hereof, you are indicating that you have read, acknowledge and agree to be bound by these Terms of Use. If you do not agree to these Terms of Use, do not access this website. Dalton Investments LLC (“Dalton”) reserves the right to change these Terms of Use which you are responsible for regularly reviewing and your continued use of this website constitutes agreement to all such changes.

In accessing the password protected portion of this website, and viewing information on Dalton’s private funds, you hereby represent and warrant that you are a qualified investor in the appropriate jurisdiction.  In the United States, a qualified investor is both (i) an “accredited investors” (as defined in Regulation D under the Securities Act) and (ii) a “qualified purchaser” (as defined in the Investment Company Act of 1940, as amended).

No Offer of Securities

This website has been prepared for qualified investors, is provided for informational purposes only, and does not constitute a solicitation of any shares in any investment vehicle managed by Dalton.  Such solicitations can only be made to qualified investors by means of the private placement memorandums, which describe, among other things, the risks of making an investment.  Additionally, this presentation does not constitute investment advice of any kind.

Investment Risk


Website Information

All of the information in this document relating to Dalton Investments LLC or its affiliates (collectively, “Dalton” or the “Firm”) is communicated solely by Dalton, 1601 Cloverfield Boulevard, Suite 5050 N, Santa Monica, CA 90404, regulated by the U.S. Securities and Exchange Commission (SEC).   SEC registration does not imply SEC endorsement.  No representation or warranty can be given with respect to the accuracy or completeness of the information, or with respect to the terms of any future offer of transactions conforming to the terms hereof.  Certain assumptions may have been made in the analysis which resulted in any information and returns/results detailed herein.  No representation is made that any results/returns indicated will be achieved or that all assumptions in achieving these returns have been considered or stated.  Additional information is available on request.  Opinions and estimates offered constitute our judgment and are subject to change without notice, as are statements of financial market trends, which are based on market conditions.  Unless otherwise indicated, figures presented are preliminary, unaudited, subject to change and do not constitute Dalton’s standard books and records.

Individual portfolio account returns and holdings within a referenced Dalton composite may vary substantially for such factors including, among others, account specific restrictions – e.g. whether currency investments are permitted, timing of transactions, contributions, withdrawals, and market conditions at the time of investment.

Any specific securities referenced herein are holdings as of the date identified in the document and any performance information relates only to the period covered by this document.  No inferences should be made as to the profitability of specific positions overall.

Copyright and Trademark

The content on this website, including but not limited to text, graphics, audio clips, logos, buttons, images, digital downloads, data compilations, software, icons and code, is the property of Dalton and its affiliates and is protected by U.S. and international copyright law. All content, trademarks, service marks, logos, images and icons are proprietary to Dalton unless otherwise noted. Content, services or tools provided by unaffiliated third parties and their related trademarks, service marks and logos belong to their respective owners. No permission is granted to copy, distribute, license, sublicense, modify, post, collect, harvest, scrape or frame any text, graphics, video, audio, software codes, or user interface design or logos.

Restrictions on Use

Except as otherwise permitted by Dalton, no materials from the this website may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way. You may download material displayed on website for non-commercial, personal use. If you do so, you agree to retain all copyright and other proprietary notices contained on the materials. You may not use, distribute, modify, transmit, or post the content of this website for public or commercial purposes, including any text, images, audio, or video without Dalton’s prior written permission.

Usernames and Passwords

You are solely responsible for the confidentiality and use of your username and password. You may not disclose your username and password to any third party without obtaining the express approval of Dalton. You agree to immediately notify us if your username and password are lost or stolen, and if you become aware that your username and password are being used in an unauthorized manner. Without limiting the generality of any other disclaimers in these Terms of Use, Dalton is not responsible for any loss to you that arises from such use or action or from your failure to comply with these provisions regarding maintaining the security and confidentiality of your password. Additionally, Dalton may cancel your username and password due to extended periods of inactivity.

Privacy Policy

This website uses “cookies” and other similar identification methods to associate you with the computer or device that you are using. We use cookies to help us improve and manage our website. For example, cookies help us recognize new versus repeat visitors to the website and track the pages visited. This data helps us provide a better service for our website visitors.


Dalton may supply links to other websites or services that are not affiliated with Dalton. We cannot control these sites and make no representations, warranties, assurances, or endorsements regarding any information or security on those sites. You agree not to hold Dalton liable for the content of any such site.

Liability and Indemnity

Any materials downloaded or otherwise obtained through this website are done at your own risk. You are solely responsible for any damage to your computer system or other equipment, or loss of data that results from such download. Neither Dalton nor its affiliates, subsidiaries, directors, officers, employees, agents, licensors, or any third-party information providers and vendors will be liable for any direct, indirect, incidental, special consequential punitive or exemplary damages, including, but not limited to, damages for loss of profits, revenue, income, goodwill, use, data, or other intangible losses, or damages caused by theft, unauthorized access, systems failure, or communications line failure, or the cost of procuring substitute goods or services, caused by the use of or inability to use the website, materials or any products or services provided herein, or any other matter relating to this website, even if Dalton has been advised of the possibility of such damages. Some jurisdictions do not allow the exclusion or limitation of incidental or consequential damages, so the above exclusions or limitations may not apply to you. To the extent that a jurisdiction does not permit the exclusion or limitation of liability as set forth herein, the liability of Dalton and its affiliates, subsidiaries, directors, officers, employees, agents, licensors, and any third-party information providers and vendors is limited to the extent permitted by law in such jurisdictions.

You agree to indemnify, defend, and hold harmless Dalton, its subsidiaries and affiliates, and each of its and their officers, directors, employees, and agents, from and against all claims, demands, liabilities, damages, losses, or expenses, including attorney’s fees and costs, arising out of or related to your improper access to or use of this website, or any violation by you of these Terms of Use.

Use in the United Kingdom

Any collective investment schemes which may be referenced on this website are not authorized and are considered unregulated collective investment schemes which cannot be marketed to the public in the United Kingdom. Accordingly, this website is directed only at persons in the United Kingdom who are either a “professional client” or an “eligible counterparty”, such terms having the meaning given to them in the FSA’s Handbook of Rules and Guidance.

Use in the European Union

Please note that neither the Funds/Composites nor the Investment Manager/Investment Advisor complies with the requirements of the Alternative Investment Fund Managers Directive (“AIFMD”) of the European Union. No direct or indirect offering or placement of shares by or on behalf of the Funds/Composites or the Investment Manager may be made to or with investors in member states of the European Union in breach of either the applicable requirements under the AIFMD or the private placement regime in each relevant member state.

Governing Law

These Terms of Use shall be governed by and construed in accordance with the laws of the state of California, without regard to conflicts of laws provisions. If for any reason a court of competent jurisdiction finds any provision of these Terms of Use, or a portion thereof, to be unenforceable, that provision shall be enforced to the maximum extent permissible so as to affect the intent of these Terms of Use, and the remainder of these Terms of Use shall continue in full force and effect. These Terms of Use constitutes the entire agreement between Dalton and you with respect to this website and it supersedes all prior or contemporaneous communications, agreements and understandings between Dalton and you with respect to the subject matter hereof.