Dalton Investments LLC (Santa Monica)

Name: Dalton Investments LLC
Address: 1601 Cloverfield Boulevard, Santa Monica, CA, 90404
Telephone: 424-231-9100

Dalton Investments LLC is a large advisory firm based in Santa Monica. It manages $3.67 billion of regulatory assets for 41 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California and New York.

Dalton Investments provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Dalton Investments: assets under management

The assets under management (AUM) of Dalton Investments LLC is $3.67 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 7377% since the beginning of its operation, and $1.58 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $3.67 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $89.54 million each.

Dalton Investments has custody of $171.56 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Dalton Investments LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Dalton Investments serves?

The firm provides services to insurance companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Dalton Investments is pooled investment vehicles with 25 clients and $1.56 billion of assets under management. Among the 8 most similar advisory firms, Dalton Investments has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $3.67 billion for 42 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 61% of the firm’s clients are foreign persons or businesses.

Dalton Investments also advises several private funds. Namely, seven hedge funds, two other private funds, and one private equity fund. The minimum investment commitment required of non-related persons ranges from $0 to $1,000,000.

Careers at Dalton Investments LLC

The company employs 42 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Benno Rosenwald	President, rosenwald capital management inc. (relying advisor)	1 May 1984	Other	1241892
James B Rosenwald Jr.	Director, rosenwald capital management inc. (relying advisor)	1 May 1984	Other	5492667
Steven David Persky	Managing member, dalton investments, llc	1 Feb 1998	Other	1368992
James Benno Rosenwald	Managing member, dalton investments llc	1 Feb 1998	Other	1241892
James B Rosenwald Iv Trust	Owner, dalton investments llc	1 Feb 1998	Other	60-8282783
Jocelyn M Rosenwald Trust	Owner, dalton investments llc	1 Feb 1998	Other	09-4725668
Inc. Persky Financial Management	Owner, dalton investments llc (relying advisor)	1 Feb 1998	25% - 50%	143631
Rosenwald Capital Management Inc	Owner, dalton investments llc (relying advisor)	1 Feb 1998	Other	104630
F Gifford Combs	Executive managing director, dalton investments llc	1 Oct 1998	Other	1537215
Frank Gifford Combs	Executive managing director, dalton investments llc	1 Oct 1998	Other	1537215
Inc. Gobe International	Owner	1 Feb 1999	25% - 50%	77-0506655
Andrew Martin Springer	Vice president	1 Jul 2001	Other	2993897
Belita S Ong	Managing director	1 Nov 2001	Other	1497336
Walking Rock Corp.	Owner	1 Oct 2002	25% - 50%	13-4221485
Art Hebert	Chief financial officer, dalton investments llc	1 Jun 2004	Other	4937312
Hisako Tiedemann	Managing director	1 Sep 2004	Other	1796292
Joy Lynne Milan	Vice president	1 Nov 2004	Other	2786762
Belita S Ong	Chief executive officer, dalton investments llc	1 Apr 2011	Other	1497336
Belita Na Ong	Chief executive officer, dalton investments llc	1 Apr 2011	Other	1497336
Todd Allen Sherer	Senior managing director	1 May 2011	Other	4449462
Lisa Mahler	Chief compliance officer	1 Aug 2011	Other	5455163
Michelle Lynd	General counsel, chief compliance officer, dalton investments llc, rosenwald capital management inc. and persky financial manage	1 Oct 2011	Other	5455163
Erin Lavelle	Chief financial officer, dalton investments llc	1 Mar 2016	Other	6631966
Erin Rachel Lavelle	Chief financial officer, dalton investments llc	1 Mar 2016	Other	6631966
Steven Oliver Kramer	Chief compliance officer, dalton investments llc and rosenwald capital management, inc.	1 Jan 2017	Other	6755745
Steven David Persky	Chief operating officer, dalton investments, llc	1 May 2017	Other	1368992
Inc. Rosenwald Capital Management	Managing member, dalton investments llc	1 Jun 2019	50% - 75%	290118
Janet Na Hunpadongrat	Chief financial officer, dalton investments llc	1 Jul 2019	Other	7146271

Indirect Owners

The SEC currently registers 12 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Jill Rosenwald	Trustee	1 Dec 1997	Other	6231227
Walter W Parker	Trustee	1 Dec 1997	Other	6231233
Jill Na Rosenwald	Trustee of james b rosenwald iv trust and jocelyn m rosenwald trust	1 Dec 1997	Other	6231227
Walter Wellington Parker	Trustee of james b rosenwald iv trust and jocelyn m rosenwald trust	1 Dec 1997	Other	6231233
Rosenwald Family Trust	Owner	1 Dec 1997	75% - 100%	05-1540720
James Benno Rosenwald	Trustee	1 Dec 1997	Other	1241892
Laura Parker Rosenwald	Trustee	1 Dec 1997	Other	6860203
James Gordon Auchincloss	Owner	1 Feb 1999	50% - 75%	5236237
Belita S Ong	Owner	1 Feb 1999	50% - 75%	1497336
Belita Na Ong	Owner	1 Feb 1999	50% - 75%	1497336
F Gifford Combs	Owner	1 Oct 2002	75% - 100%	1537215
Frank Gifford Combs	Owner	1 Oct 2002	75% - 100%	1537215

Based in Santa Monica

The principal office where Dalton Investments LLC performs its advisory services is located at 1601 Cloverfield Boulevard, Santa Monica, CA 90404, which is also the mailing address of the firm. An additional office of the firm is in Redondo Beach, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 424-231-9100 or by fax 424-231-9050. The normal business hours are 6am - 5pm on Monday - Friday. You can find more information about the New York firm at daltoninvestments.com/.