{"id":2634,"date":"2017-04-25T12:40:33","date_gmt":"2017-04-25T19:40:33","guid":{"rendered":"https:\/\/dev.darsky.com\/dalton\/?p=2634"},"modified":"2017-04-25T13:29:53","modified_gmt":"2017-04-25T20:29:53","slug":"bloomberg-reports-dalton-investments-japan-tax-reforms","status":"publish","type":"post","link":"https:\/\/dev.darsky.com\/dalton\/bloomberg-reports-dalton-investments-japan-tax-reforms\/","title":{"rendered":"Bloomberg Reports on Dalton Investments and Japan Tax Reforms"},"content":{"rendered":"<p>On April 10, 2017, Bloomberg published an article quoting <a href=\"https:\/\/dev.darsky.com\/dalton\/our-people\/senior-executives\/james-b-rosenwald-iii-cfa\/\">Jamie Rosenwald<\/a>, Portfolio Manager for Dalton Investments\u2019 Asian Equities strategies, and <a href=\"https:\/\/dev.darsky.com\/dalton\/our-people\/investment-teams\/asia-equities\/shiro-hayashi\/\">Shiro Hayashi<\/a>, Senior Research Analyst and Head of Dalton\u2019s Tokyo research office,\u00a0regarding Japan\u2019s recent tax reform allowing companies to spin off businesses tax free.\u00a0 \u201cHere you have probably one of the world\u2019s largest fields of conglomerates that all trade at massive discounts,\u201d said Rosenwald.\u00a0 The government has now given management the tools to make a lot of money for themselves &#8212; as future restricted shareholders &#8212; along with the existing stock owners.\u00a0 Regarding the ministry\u2019s plan, Rosenwald said ,\u00a0\u201cIt\u2019s just, like, phenomenal,\u00a0 Abenomics seems like it\u2019s changing from the top down.\u201d<\/p>\n<p>Dalton has long been committed to corporate engagement in Japan, starting with the management buyout of Sun Telephone in 2006, and continuing through Dalton\u2019s acceptance of the <a href=\"https:\/\/dev.darsky.com\/dalton\/dalton-accepts-japan-stewardship-code\/\">Japan Stewardship Code<\/a> \u00a0in 2016, a Dalton team member joining the board of directors of <a href=\"https:\/\/dev.darsky.com\/dalton\/prestige-international-of-japan-nominates-dalton-kk-ceo-as-independent-director\/\">Prestige International<\/a> also in 2016, and Dalton\u2019s letter to <a href=\"https:\/\/dev.darsky.com\/dalton\/bloomberg-reports-dalton-investments-delivery-corporate-engagement-letter-shinsei-bank\/\">Shinsei Bank<\/a>.<\/p>\n<p>For the full text of the article, please see <a href=\"https:\/\/dev.darsky.com\/dalton\/wp-content\/uploads\/2017\/04\/BloombergSpinoffArticle.pdf\">here<\/a>.<\/p>\n<p>Dalton Investments LLC is a value-focused investment management firm with expertise in Asia equities, global equities and fixed income. Headquartered in Los Angeles, with a subsidiary office in Tokyo, Dalton manages $3.1 billion (December 31, 2016) in actively managed long-only and long\/short strategies for pensions, endowments, foundations, financial institutions and family offices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On April 10, 2017, Bloomberg published an article quoting Jamie Rosenwald, Portfolio Manager for Dalton Investments\u2019 Asian Equities strategies, and Shiro Hayashi, Senior Research Analyst and Head of Dalton\u2019s Tokyo research office,\u00a0regarding Japan\u2019s recent tax reform allowing companies to spin \u2026<br \/><a class=\"read-more\" href=\"https:\/\/dev.darsky.com\/dalton\/bloomberg-reports-dalton-investments-japan-tax-reforms\/\">read more &gt;<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[16],"tags":[],"class_list":["post-2634","post","type-post","status-publish","format-standard","hentry","category-dalton-in-the-news","wpautop"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - 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