Dalton Takes Gentle Approach to Activism in Japan
| April 21st, 2009 |
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Bloomberg reports that hedge fund manager Dalton Investments will be sending letters to the management teams of 70 or so Japanese companies that it currently invests in. The letters will urge the companies to increase the number of outside directors and share buybacks.
Dalton’s Managing Director in Japan, Akihiko Miyata, was quoted in the article as saying “‘This isn’t about presenting a shareholder proposal,’ adding that taking a less-confrontational approach is more effective in bringing about change in Japan.” |
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For Detailed Investor Profiles on these Investors, click below: |
| James Rosenwald III; | Steven Persky | | Dalton Distressed Credit; | Dalton Distressed Credit; | Dalton Greater China; | Dalton J-Reit Fund; | Rosenwald, Roditi & Company, Ltd. | More Recent Headlines
