James B. Rosenwald III (born January 19, 1958) is the co-founder and managing partner of Dalton Investments LLC, an

asset management Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...

company headquartered in

Santa Monica Santa Monica (; Spanish: ''Santa Mónica'') is a city in Los Angeles County, situated along Santa Monica Bay on California's South Coast. Santa Monica's 2020 U.S. Census population was 93,076. Santa Monica is a popular resort town, owing to ...

California California is a U.S. state, state in the Western United States, located along the West Coast of the United States, Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the List of states and territori ...

, and adjunct professor at

Stern School of Business The New York University Leonard N. Stern School of Business (commonly referred to as NYU Stern, The Stern School of Business, or simply Stern) is the business school of New York University, a private research university based in New York City. I ...

New York University New York University (NYU) is a private research university in New York City. Chartered in 1831 by the New York State Legislature, NYU was founded by a group of New Yorkers led by then-Secretary of the Treasury Albert Gallatin. In 1832, the ...

. He invests in the

Pacific Rim The Pacific Rim comprises the lands around the rim of the Pacific Ocean. The ''Pacific Basin'' includes the Pacific Rim and the islands in the Pacific Ocean. The Pacific Rim roughly overlaps with the geologic Pacific Ring of Fire. List of co ...

area. In 2020, Rosenwald co-founded Activist Japan investment trust Nippon Active Value Fund (NAVF) and launched its IPO.

Early life and education

Rosenwald was born in

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

. He is a brother of designer and ceramic artist Jill Rosenwald, and the first cousin of actress

Kyra Sedgwick Kyra Minturn Sedgwick (; born August 19, 1965) is an American actress, producer and director. For her starring role as Deputy Chief Brenda Leigh Johnson on the TNT crime drama ''The Closer'', she won a Golden Globe Award in 2007 and an Emmy Awa ...

. Rosenwald attended the

Dalton School The Dalton School, originally the Children's University School, is a private, coeducational college preparatory school in New York City and a member of both the Ivy Preparatory School League and the New York Interschool. The school is located in ...

Manhattan Manhattan (), known regionally as the City, is the most densely populated and geographically smallest of the five boroughs of New York City. The borough is also coextensive with New York County, one of the original counties of the U.S. state ...

for 13 years, where he met Steve Persky, his partner at Dalton Investments. He received a B.A. in economics from

Vassar College Vassar College ( ) is a private liberal arts college in Poughkeepsie, New York, United States. Founded in 1861 by Matthew Vassar, it was the second degree-granting institution of higher education for women in the United States, closely follo ...

(1980) and an M.B.A. from the Graduate School of Business at New York University (1984). He is a CFA Charterholder since 1987.

Investment career

Rosenwald commenced his investment career at Sterling Grace & Co. While acting as an outside advisor for

Soros Fund Management Soros Fund Management, LLC is a private American investment management firm. It is currently structured as a family office, but formerly as a hedge fund. The firm was founded in 1970 by George Soros and, in 2010, was reported to be one of the mos ...

, Rosenwald met

Nicholas Roditi Spencer Nicholas Roditi (born August 1945) is a British hedge fund manager for George Soros, turned real estate developer. He grew up in Rhodesia Zimbabwe (now Zimbabwe). Early life Spencer Nicholas Roditi was born in August 1945. He was educated ...

, who was also managing money for Soros. In 1992, Rosenwald and Roditi founded and co-managed Rosenwald, Roditi & Company, Ltd., now known as Rovida Asset Management, Ltd. Rosenwald co-founded Dalton Investments in 1999. 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. Rosenwald is also the chairman and CEO of Rosenwald Capital Management, Inc, a registered investment advisor since 1984. Clients include

pensions A pension (, from Latin ''pensiō'', "payment") is a fund into which a sum of money is added during an employee's employment years and from which payments are drawn to support the person's retirement from work in the form of periodic payments ...

endowment Endowment most often refers to: *A term for human penis size It may also refer to: Finance *Financial endowment, pertaining to funds or property donated to institutions or individuals (e.g., college endowment) *Endowment mortgage, a mortgage to b ...

s, financial services companies,

profit sharing Profit sharing is various incentive plans introduced by businesses that provide direct or indirect payments to employees that depend on company's profitability in addition to employees' regular salary and bonuses. In publicly traded companies thes ...

plans and

high-net-worth individuals High-net-worth individual (HNWI) is a term used by some segments of the financial services industry to designate persons whose investible wealth (assets such as stocks and bonds) exceeds a given amount. Typically, these individuals are defined ...

. In addition to security investments, Rosenwald has invested in real estate since 1997. He and

Kyle Kazan Kyle Kazan (born March 11, 1967) is an American businessman who is the co-founder, chairman, and CEO of Glass House Group. He is also a founder and chairman of Beach Front Property Management, Inc. and co-founder and managing member of Beach Front ...

, co-founded Beach Front Properties, LLC, a real estate investment company based in California. 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

, where he teaches a course on

value investing Value investing is an investment paradigm that involves buying securities that appear underpriced by some form of fundamental analysis. The various forms of value investing derive from the investment philosophy first taught by Benjamin Graham ...

, which he learned from his grandfather who worked for

Benjamin Graham Benjamin Graham (; né Grossbaum; May 9, 1894 – September 21, 1976) was a British-born American economist, professor and investor. He is widely known as the "father of value investing", and wrote two of the founding texts in neoclassical inves ...

, the "Father" of Value Investing, at Graham Newman Corporation. 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.

Public company directorships

Private company directorships / managing member

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

{{DEFAULTSORT:Rosenwald, James American hedge fund managers New York University Stern School of Business alumni Vassar College alumni American financial company founders New York University faculty 1958 births Living people CFA charterholders