US fund Dalton to start proxy fight over Fuji Media board, CIO says

Activist investor reaches out to other shareholders to rally support ahead of general meeting

20250523N Rosenwald

James Rosenwald, co-founder and chief investment officer of Dalton Investments, says Fuji Media can do more to improve its corporate governance. (Photo by Kenta Shinozaki)

KENTA SHINOZAKI

TOKYO -- Dalton Investments will launch a proxy contest to gain support for its chosen board candidates at Japan's Fuji Media Holdings, the U.S. fund's chief investment officer said Friday.

Dalton has started reaching out to other major shareholders ahead of the annual general meeting set for June 25, James Rosenwald said in an interview here.

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