{"id":4368,"date":"2006-05-04T00:00:00","date_gmt":"2006-05-04T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"dalton-investments-to-liquidate-two-distressed-debt-hedge-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2006\/dalton-investments-to-liquidate-two-distressed-debt-hedge-funds.html","title":{"rendered":"Dalton Investments to Liquidate Two Distressed Debt Hedge Funds"},"content":{"rendered":"<div class=\"writeboardbody\">  WEST PALM BEACH, FL (HEDGECO.NET) &#8211; Investment management firm, Dalton Investments, which manages about $1.3 billion, will send back roughly $300 million to people who invested in its 7-year old  Dalton Global Opportunity Fund and its 2-year old Dalton Distressed Debt Fund, liquidating this part of it\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s hedge fund strategy.  <\/p>\n<p>    Dalton\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s principals, Steve Persky, <span class=\"caps\">CFA<\/span>, James Rosenwald, <span class=\"caps\">CFA<\/span> and Gifford Combs each have over twenty years of portfolio management experience.    All of their strategies are based on a combination of rigorous bottom-up fundamental analysis, disciplined portfolio management and clearly defined risk control measures. Some of Daltons    investment strategies include global hedged equity, global distressed debt, Japan equity long-only, Japan equity long-short, and Greater China equity long-short.  <\/p>\n<p>    \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cAlthough the past performance of these funds was excellent, we believe it will become increasingly difficult to produce above-average returns with a distressed strategy for the foreseeable    future,\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d said Steven Persky, who founded the firm with James Rosenwald in 1998.  <\/p>\n<p>    Recent access to relatively cheap capital, plus strong economic growth, have allowed many companies to try to shore up balance sheets, which has made it more difficult for investors to find    lucrative distressed debt bets.  <\/p>\n<p>    Alex Akesson<br \/>    Contributing Writer<br \/>    HedgeCo.Net<br \/>    Email: Editor@hedgeco.net  <\/p>\n<p>    HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge    Funds!  <\/p>\n<p>    <strong>Be sure to check out our sister sites. <a href=\"http:\/\/www.hedgefundlounge.com\/\">www.hedgefundlounge.com<\/a>, <a href=\"http:\/\/www.hedgefundtools.com\/\">www.hedgefundtools.com,<\/a><\/strong>    and <a href=\"http:\/\/www.hedgefundemployment.com\/\"><strong>www.hedgefundemployment.com.<\/strong><\/a>  <\/p>\n<p>    &nbsp;  <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>WEST PALM BEACH, FL (HEDGECO.NET) &#8211; Investment management firm, Dalton Investments, which manages about $1.3 billion, will send back roughly $300 million to people who invested in its 7-year old Dalton Global Opportunity Fund and its 2-year old Dalton Distressed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4368","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4368"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4368\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}