Dalton Investments LLC (Santa Monica)


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. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. 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/.