Dalton SP expands Japanese equities team with new hire

Dalton Strategic Partnership has extended its Tokyo-based Japanese equities team after hiring Fumio Matsumoto from Japanese asset manager T&D Asset Management.

Matsumoto managed Japanese equities at T&D from 2005 and was in charge of over $700m in its Value Strategy from June 2012. He has also worked at Mizuho Securities as a mid and small cap analyst. He joined the Melchior Japan equity team, led by Akira Yoshimi on 1 January. He is the fifth analyst in a team that manages over $1.2bn, including the Melchior Japan Advantage fund. The fund is up 53% over the year to 9 January, according to FE, beating the IMA Japan sector average of 50.8%. Magnus Spence, chief executive, said: "We are delighted to welcome Fumio to the group. We are com...