WEST PALM BEACH, FL (HEDGECO.NET) – Investment management firm, Dalton Investments, which manages about $1.3 billion, will send back roughly $300 million to people who invested in its 7-year old Dalton Global Opportunity Fund and its 2-year old Dalton Distressed Debt Fund, liquidating this part of it’s hedge fund strategy.

Dalton’s principals, Steve Persky, CFA, James Rosenwald, CFA and Gifford Combs each have over twenty years of portfolio management experience. All of their strategies are based on a combination of rigorous bottom-up fundamental analysis, disciplined portfolio management and clearly defined risk control measures. Some of Daltons investment strategies include global hedged equity, global distressed debt, Japan equity long-only, Japan equity long-short, and Greater China equity long-short.

“Although the past performance of these funds was excellent, we believe it will become increasingly difficult to produce above-average returns with a distressed strategy for the foreseeable future,” said Steven Persky, who founded the firm with James Rosenwald in 1998.

Recent access to relatively cheap capital, plus strong economic growth, have allowed many companies to try to shore up balance sheets, which has made it more difficult for investors to find lucrative distressed debt bets.

Alex Akesson
Contributing Writer
HedgeCo.Net
Email: Editor@hedgeco.net

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