Dalton Strategic Partnership has added to its Japanese equity team as it seeks to grow in the asset class.
Fumio Matsumoto, + rated by Citywire in October and November last year, has joined Dalton’s Melchior Japan equity team in Tokyo from T&D Asset Management.
Matsumoto had worked at T&D since 2005, where he ran its Value Strategy and managed more than £400 million. The Metzler Japanese Equity fund he headed returned 69.4% in the year to the end of November 2013, compared with an average of 66.7% from his peer group.
At Dalton, Matsumoto will work with lead manager Akira Yoshimi (pictured). The Melchior team oversees £730 million of assets, including the Melchior Japan Advantage fund which returned 68.5% in the year to 29 November 2013. The Topix index returned 64.2% through the same period.
‘We are committed to expanding and deepening our Japanese equity capabilities as we grow our assets under management in this asset class,’ commented Magnus Spence, Dalton’s chief executive.