Dalton Investments, LLC, a SEC-registered investment management firm serving institutional and private clients, today announced the formation of Dalton Advisors to manage private client portfolios.
May 11, 2007 (Press Release) --
LOS ANGELES -- May 8, 2007 -- Dalton Investments, LLC, a SEC-registered investment management firm serving institutional and private clients, today announced the formation of Dalton Advisors to manage private client portfolios.
“Although Dalton has managed private client portfolios since it was founded in 1999, we have created Dalton Advisors to focus exclusively on the rapidly expanding population of high-net worth individuals and their increasing demand for professional investment management services,” said Steven D. Persky, co-founder and chief executive officer of Dalton Investments and managing partner of Dalton Advisors.
“Our approach to private client portfolio management, which has produced an annualized return of 11.3 percent for the last five years,* is based on how we manage our own money,” added Mr. Persky, who has more than 25 years of professional investment experience.
Dalton Advisors’ investment strategy uses low-cost, tax-efficient funds to structure customized portfolios in separately managed accounts. Working on a fee-only basis, the firm does not charge commissions or sales loads, eliminating potential conflicts of interest in advising clients. A minimum investment of $1 million is required.
Laura Zimmerman, CFA, recently joined the firm as a director of Dalton Advisors to help launch the new division. She also is part of the private client portfolio management team. Previously, she was a managing principal at Payden & Rygel, a Los Angeles-based investment manager with $55 billion in assets under management.
“We believe a long-term view, diversification and asset allocation based on client objectives should drive returns,” said Ms. Zimmerman. “We are not interested in buying the hottest stocks or trying to predict the direction of a market in the short-term.”
For additional information about Dalton Advisors, contact Ms. Zimmerman at (310) 442-5200 or visit www.daltonadvisors.com.
Dalton Advisors is a division of Dalton Investments, a registered investment advisor with the Securities and Exchange Commission. The firm currently has $1.1 billion in assets under management and serves institutional and private clients.
# # #
CONTACT:
Laura Zimmerman, CFA
Director
Dalton Advisors
310-442-5200
lzimmerman@daltonadvisors.com
Steve Rose
Hullin Metz & Co.
steve@hmcllc.com
212-752-1044 (O)
917-822-2892 (M)
* Performance period noted is the last five years ending March 31, 2007. Past performance in no guarantee of future results. All investments are subject to the risk of loss. The Retirement/Legacy Return Composite was calculated for each subset of the managed accounts corresponding to these general characteristics. Retirement and Legacy accounts include those clients with pension plans or other retirement programs to which active contributions are made as well as clients who have received or are planning sizable bequests. Retirement and Legacy accounts emphasize safety of principal and stability of returns. The composite return is the linked monthly percentage change based upon the comparison of the current ending portfolio value with the previous month’s ending value, as adjusted for contributions, withdrawals, reinvestment of dividends and other earnings, and attributed management fees. Monthly management fees are attributed at one-twelfth of the standard 1.00% per annum fee. Some clients may pay lower management fees, but the composite assumes that all fees are at the higher rate. No performance fees are charged.
For performance comparison the Standard & Poor’s 500 Index, a cap-weighted index of 500 stocks, returned 6.3% over the five-year period. International stocks, as represented by the MSCI EAFE Index, a cap-weighted index that monitors the performance of stocks from Europe, Austrailiasia, and the Far East returned 16.2%. U.S. Treasury bills returned 2.6%, as measured by the Merrill Lynch 3-month U.S. Treasury Bill Index which is comprised of a single issue, purchased at the beginning of the month and held for the full month.
“Although Dalton has managed private client portfolios since it was founded in 1999, we have created Dalton Advisors to focus exclusively on the rapidly expanding population of high-net worth individuals and their increasing demand for professional investment management services,” said Steven D. Persky, co-founder and chief executive officer of Dalton Investments and managing partner of Dalton Advisors.
“Our approach to private client portfolio management, which has produced an annualized return of 11.3 percent for the last five years,* is based on how we manage our own money,” added Mr. Persky, who has more than 25 years of professional investment experience.
Dalton Advisors’ investment strategy uses low-cost, tax-efficient funds to structure customized portfolios in separately managed accounts. Working on a fee-only basis, the firm does not charge commissions or sales loads, eliminating potential conflicts of interest in advising clients. A minimum investment of $1 million is required.
Laura Zimmerman, CFA, recently joined the firm as a director of Dalton Advisors to help launch the new division. She also is part of the private client portfolio management team. Previously, she was a managing principal at Payden & Rygel, a Los Angeles-based investment manager with $55 billion in assets under management.
“We believe a long-term view, diversification and asset allocation based on client objectives should drive returns,” said Ms. Zimmerman. “We are not interested in buying the hottest stocks or trying to predict the direction of a market in the short-term.”
For additional information about Dalton Advisors, contact Ms. Zimmerman at (310) 442-5200 or visit www.daltonadvisors.com.
Dalton Advisors is a division of Dalton Investments, a registered investment advisor with the Securities and Exchange Commission. The firm currently has $1.1 billion in assets under management and serves institutional and private clients.
# # #
CONTACT:
Laura Zimmerman, CFA
Director
Dalton Advisors
310-442-5200
lzimmerman@daltonadvisors.com
Steve Rose
Hullin Metz & Co.
steve@hmcllc.com
212-752-1044 (O)
917-822-2892 (M)
* Performance period noted is the last five years ending March 31, 2007. Past performance in no guarantee of future results. All investments are subject to the risk of loss. The Retirement/Legacy Return Composite was calculated for each subset of the managed accounts corresponding to these general characteristics. Retirement and Legacy accounts include those clients with pension plans or other retirement programs to which active contributions are made as well as clients who have received or are planning sizable bequests. Retirement and Legacy accounts emphasize safety of principal and stability of returns. The composite return is the linked monthly percentage change based upon the comparison of the current ending portfolio value with the previous month’s ending value, as adjusted for contributions, withdrawals, reinvestment of dividends and other earnings, and attributed management fees. Monthly management fees are attributed at one-twelfth of the standard 1.00% per annum fee. Some clients may pay lower management fees, but the composite assumes that all fees are at the higher rate. No performance fees are charged.
For performance comparison the Standard & Poor’s 500 Index, a cap-weighted index of 500 stocks, returned 6.3% over the five-year period. International stocks, as represented by the MSCI EAFE Index, a cap-weighted index that monitors the performance of stocks from Europe, Austrailiasia, and the Far East returned 16.2%. U.S. Treasury bills returned 2.6%, as measured by the Merrill Lynch 3-month U.S. Treasury Bill Index which is comprised of a single issue, purchased at the beginning of the month and held for the full month.
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