(Bloomberg) Japan’s long beaten-down stock market is winning over Dalton Investments. Belita Ong, chief executive officer of the hedge fund with $3.8 billion under management, said it’s one of her top three global picks. She also favors Indian and Chinese equities, which will benefit from youthful populations, faster economic growth and rising entrepreneurship in the coming decades. Dalton joins investors from BlackRock Inc. to BNP Paribas Asset Management who are betting on Japan despite its region-leading losses and historic weakness over the past three decades.
Hedge Fund Says Japanese Stocks Trading at `Remarkable Discount’
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