James B. Rosenwald

James B. Rosenwald III
Born (1958-01-19) January 19, 1958
New York, NY
Residence Rolling Hills, California
Citizenship United States
Education B.A. Vassar
M.B.A. NYU Stern School of Business
Occupation Managing Member, Senior Portfolio Manager, Professor

James B. Rosenwald III (born January 19, 1958) is the co-founder and managing partner of Dalton Investments LLC,[1] an asset management company headquartered in Santa Monica, California,[2] and adjunct professor at Stern School of Business at New York University.[3] He has more than thirty years of investment experience in the Pacific Rim area.[4]

Early life and education

Rosenwald was born in New York City. He is a brother of designer and ceramic artist Jill Rosenwald,[5] and the first cousin of actress Kyra Sedgwick. Rosenwald attended the Dalton School in Manhattan for 13 years, where he met Steve Persky, his partner at Dalton Investments.[6][7] He received a B.A. in Economics from Vassar College (1980) and an M.B.A. from the Graduate School of Business at New York University (1984). He is a CFA Charterholder since 1987.[6][3]

Investment career

Rosenwald commenced his investment career with the Grace Family at their securities firm, Sterling Grace & Co. While acting as an outside advisor to the Quantum Emerging Growth Fund for Soros Fund Management,[8] Rosenwald met Nicholas Roditi, who was also managing money for Soros' Quota Fund. In 1992, Rosenwald and Roditi founded and co-managed Rosenwald, Roditi & Company, Ltd., now known as Rovida Asset Management, Ltd.[6][9] Rosenwald co-founded Dalton Investments in 1999.[2][10] Dalton's investment style involves holding undervalued stocks for the long term. In particular, it prefers owner-operator companies that align the interests of management and shareholders.[11] Rosenwald is also the chairman and CEO of Rosenwald Capital Management, Inc, a registered investment advisor since 1984.[12] Clients include pensions, endowments, financial services companies, profit sharing plans and high-net-worth individuals.[9]

In addition to security investments, Rosenwald has invested in real estate since 1997. He and Kyle Kazan, co-founded Beach Front Properties, LLC, a real estate investment company based in California.[13] Together, they have invested in residential and commercial properties in the U.S., China, and Germany.

Since 2012, Rosenwald has been an adjunct professor at Stern School of Business at New York University, where he teaches Global Value Investing: Theory and Practice (FINC-GB.3716.12).[3] He and his wife, Laura, make annual contributions to NYU's endowment to fund the Rosenwald Global Value Student Investment Fund. Every year, the fund invests in one or more stocks based on recommendations made by the students in his class.[14][15] On December 8th 2016, Rosenwald was invited to speak at the second annual Asia Value Investor Conference in Hong Kong.[16][17]

Public company directorships

YearCompanyLocation
2011 to PresentShore Capital Corp.[13]London, UK
2006-2011Puma Brandenburg Ltd.[18]London, UK
1986-1988Richmond Hill Savings BankFloral Park, NY

Private company directorships / managing member

YearCompany
1998 to PresentDalton Investments, LLC.[1]
1984 to PresentRosenwald Capital Management, Inc.[9][12]
1998 to PresentKings Bay Investment Company, Ltd.
2005 to PresentDalton Berlin Real Estate Fund I, Ltd.[13]
2005 to PresentDalton Asia Fund[6][19]
2004 to PresentDalton Greater China Fund [8][20][21][22]
1997 to PresentBeach Front Properties, LLC.
2010 to PresentBeach Front Property Management, Inc.
2001 to 2013Prodigy Asia & Emerging Markets Fund[23]
2003 to 2011Grand River Properties, Ltd.[20][22]
2003 to 2009JMBO Fund[24][25]
2004 to 2007Dalton Japan Absolute Return Fund
1993 to 1997Rosenwald, Roditi & Company, Ltd.

Social and charitable affiliations

  • Palos Verdes Country Club (California)
  • Princeton Club (New York)
  • The University Club (New York)
  • Los Angeles Philharmonic: Board of Overseers
  • Center Theater Group Artistic Directors Circle (Los Angeles)

References

  1. 1 2 "Our People James B Rosenwald". Daltoninvestments.com. Retrieved 2013-11-08.
  2. 1 2 "Firm History". Daltoninvestments.com. Retrieved 2013-11-08.
  3. 1 2 3 "James B Rosenwald-Adjunct Professor of Finance". NYU Stern School of Business. Retrieved 2013-11-08.
  4. ↑ "Executive Profile". Bloomberg Businessweek. Retrieved 2013-11-08.
  5. ↑ "Jill Rosenwald". Retrieved 2014-06-06.
  6. 1 2 3 4 "Interview: Jamie Rosenwald on Daltons Conception Lessons Learned and His Passion for Liberal Arts". Hedge fund Intelligence. Retrieved 2013-11-08.
  7. ↑ "Debt Wish: Steve Persky gives the long and the short of it for his Dalton Global Opportunity Fund". Barrons.com. Retrieved 2013-11-25.
  8. 1 2 "Ex-Soros Adviser's Dalton China Fund Returns 25% This Year". Bloomberg News.
  9. 1 2 3 "2 Stock Pickers Hawking Separate Japan Funds". Hedge Fund Alert. August 7, 2000.
  10. ↑ "The Distressed-Debt Detectives". Forbes.com. Retrieved 2013-11-25.
  11. ↑ "The return of the activist shareholders". Asia.Nikkei.com. Retrieved 2014-04-07.
  12. 1 2 "CD, Foreign Money Alternatives". Palos Verdes Peninsula News. February 28, 1991.
  13. 1 2 3 "Directors". Shore Capital.gg. Retrieved 2013-11-08.
  14. ↑ "Graham and Dodd Head Downtown-Los Angeles hedge-fund manager Jamie Rosenwald has launched a value-investing class at New York University". Barrons.com. Retrieved 2013-11-08.
  15. ↑ "Perspective from a Global Value Investor" (PDF). NYUStern Evaluation. December 2013.
  16. ↑ "2016 Speakers". Asia Value Investor Conference. December 2016.
  17. ↑ "Asia Value Investors Conference Hong Kong 2016:Jamie Rosenwald Presentation". Metropolis Multimedia. Retrieved 2016-12-21.
  18. ↑ "Executive Profile". Bloomberg Businessweek. Retrieved 2013-11-08.
  19. ↑ "Celebrating best performance: Asia Hedge Awards 2012". Asia Hedge. November–December 2012.
  20. 1 2 "Hong Kong realty is the real deal". Barrons.com. Retrieved 2013-11-25.
  21. ↑ Santini, Laura (November 23, 2004). "Short Order Bears (Take Interest) in China's Shop. Hedge Funds Aim to Profit From Stock-Market Rally, But Shorting Is Difficult". Wall Street Journal Page C3.
  22. 1 2 "Dalton Greater China Fund". Asia Hedge. February 2006.
  23. ↑ "REG-Prodigy Asia & Emerging-Director/PDMR Shareholding". Reuters.com. Retrieved 2013-11-25.
  24. ↑ Norton, Leslie P. (April 28, 2003). "Will Buyout Boom or Bomb in Japan?". Barrons.com.
  25. ↑ "Dalton proposes management buyout of Teikoku Hormone". Asia Pulse. Sep 21, 2004.
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