Private fund adviser · EL Segundo, CA
Dalton Investments, Inc.
SEC-registered investment adviser · CRD 308609 · SEC 801-121986
At a glance
Dalton Investments, Inc. is an SEC-registered investment adviser based in EL Segundo, California, with $5.7 billion in regulatory assets under management as of its Form ADV filed March 30, 2026. Its largest client group by assets is pooled investment vehicles, and it reports 2 individual clients. By Form ADV it is a private fund adviser, ranked 901st of 4,686 private fund advisers and 1,922nd of 17,210 SEC-registered advisers by assets.
Main office 424-231-9100daltoninvestments.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $5.7B
- Rank among private fund advisers
- #901 of 4,686
- Rank among all SEC RIAs
- #1,922 of 17,210
- Rank in California
- #206 of 1,873
- Individual clients
- 2
- High-net-worth clients
- 2
- Accounts
- 40
- Discretionary
- 100% of AUM
- Employees
- 46
- Advisory staff
- 17
- Offices
- 7
Owners and executives on its Form ADV
- Sarah B. AlfandariChief Executive Officer and President, and Director of the Board of Directors, Dalton Investments, Inc.
- Frank G. CombsPortfolio Manager, and Director of the Board of Directors, Dalton Investments, Inc.
- Iain N. DouglasChief Marketing Officer, Dalton Investments, Inc.
- Christopher A. HaSecretary, Chief Compliance Officer and Counsel, Dalton Investments, Inc.
- Janet N. HunpadongratTreasurer, Chief Operating Officer and Chief Financial Officer, Dalton Investments, Inc.
- James B. RosenwaldChairman of the Board of Directors, and Chief Investment Officer, Dalton Investments, Inc.
- Jocelyn M. RosenwaldDirector of the Board of Directors, Dalton Investments, Inc.
- Craig A. MercerChief Research Officer and Chief Sustainability Officer
Custody and brokerage
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 27 | $3.1B | 55% |
| Pension and profit sharing plans | 6 | $1.1B | 18% |
| Corporations or other businesses | 1 | $854M | 15% |
| Sovereign wealth funds and foreign official institutions | 1 | $239M | 4% |
| High-net-worth individuals | 2 | $238M | 4% |
| Charitable organizations | 2 | $168M | 3% |
| Insurance companies | 1 | $24M | <1% |
Private funds
Dalton Investments, Inc. reports 9 private funds with $733M in gross assets: hedge funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Dalton Investments, Inc. answers yes to 2 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗daltoninvestments.com ↗
AtlasMembers
The full record on Dalton Investments, Inc.
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 4 years of filings
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- Growth over one, three and five years
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- Rank against 1,287 peers of its type and size
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- Owners and executives, with titles and stakes
- 8 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 1Locked
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Background
Questions
How much does Dalton Investments, Inc. manage?
Dalton Investments, Inc. reports $5.7 billion in regulatory assets under management across 40 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 30, 2026.
What kind of firm is Dalton Investments, Inc.?
Dalton Investments, Inc. is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Dalton Investments, Inc.’s clients?
By assets, its largest client types are pooled investment vehicles ($3.1 billion, 27 clients); pension and profit sharing plans ($1.1 billion, 6 clients); corporations or other businesses ($854 million, 1 clients).
Does Dalton Investments, Inc. manage private funds?
Yes. It reports 9 private funds with $733 million in gross assets, including hedge funds, other private funds.
Does Dalton Investments, Inc. have any disciplinary history?
Dalton Investments, Inc. answers yes to 2 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Dalton Investments, Inc.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-30), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →