Asset management firm Dalton Strategic Partnership has set out plans to bring its Japanese equity operations in-house.
Our sister publication Citywire Global revealed the London-based firm set up Dalton Capital (Japan) Limited in Tokyo, which will formally be established at the end of April 2013.
At the heart of the move is the transition of the team overseeing Dalton’s Japan Advantage funds officially into part of Dalton. This team currently work for FuNNeX Asset Management and runs the fund on mandate for Dalton.
Dalton Capital (Japan) will be led by Kosuke Arao, who has 33 years of investment experience and previously served as head of equities at Mizuho Securities and as CEO of T&D Asset Management.
Kosuke has also previously worked as a fund manager at Mercury Asset Management. Here he worked with the founders of both FuNNeX Asset Management and Dalton Strategic Partnership.
Commenting on the change, Magnus Spence, CEO and managing partner at Dalton Strategic Partnership, said: ‘This is a very positive development for DSP.'
'Our firm now possess an internally managed, world class, Japanese equity resource, and we are delighted to welcome Akira Yoshimi and his Advantage team into our company.’