James B. Rosenwald

James B. Rosenwald III (born January 19, 1958) is an American investment advisor and academic who is the co-founder and Chief Investment Officer of Dalton Investments Inc., an asset management company headquartered in New York, NY, and adjunct professor at Stern School of Business at New York University. He invests in the Pacific Rim area.

In 2020, Rosenwald co-founded Activist Japan investment trust Nippon Active Value Fund (NAVF) and launched its IPO. Rising Sun Management Ltd. serves as the fund's investment advisor.

Early life and education Rosenwald was born in New York City. He is the brother of designer and ceramic artist Jill Rosenwald, and the first cousin of actress Kyra Sedgwick. Rosenwald attended the Dalton School in Manhattan for 15 years, where he met Steve Persky, his partner at Dalton Investments. He received an A.B. 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 (number 9857) since November 1987. Rosenwald met Nicholas Roditi, 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. Assets under management were $5.7 billion as of September 30, 2025.

Dalton's global value investment process involves holding undervalued stocks for the long term. In particular, it prefers owner-operator companies that align the interests of management and shareholders. In 2020, the firm became a signatory to Climate Action 100+, an investor initiative focused on corporate greenhouse gas emissions. In 2024, the U.S. House Judiciary Committee named Dalton in an investigation into the initiative, with Committee Chairman Jim Jordan characterizing the group as an "ESG cartel". Rosenwald is also the chairman and CEO of Rosenwald Capital Management, Inc, a registered investment advisor since 1984. Clients include pensions, endowments, financial services companies, sovereign wealth funds, profit sharing plans and high-net-worth individuals. Together, they have invested in residential and commercial properties in the U.S., China, and Germany. Rosenwald's partnership with Kazan has extended beyond real estate; as of 2025, he holds an ownership stake in Glass House Brands Inc. (OTCQX: GLASF), a California cannabis company co-founded by Kazan. According to SEC filings, Rosenwald holds 17.2% of the company's Multiple Voting Shares and 3.4% of Equity Shares, representing approximately 14.1% of total voting power.

Since 2012, Rosenwald has been an adjunct professor at the Stern School of Business at New York University, where he teaches a course "Global Value Investing", 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. In 2025, Laura and James Rosenwald sponsored the Rosenwald Investment Competition at NYU.

Relationship With Jeffrey Epstein In January 2015, James Rosenwald exchanged emails with financier Jeffrey Epstein that were later released by the U.S. House Committee on Oversight and Accountability in November 2025. In an email titled “High Profile,” sent on January 5, 2015, Rosenwald wrote that during the Thanksgiving weekend he had “toasted” Epstein while visiting Long Island, adding that Epstein’s “name popped up again in the Press and I thought it was time to congratulate you on your wonderful financial successes since your days as my Physics prof at Dalton!!” He further commented, “Unless your PR advisor is Donald Trump, I am not sure that current press provides you with much benefit.”

According to Washington Square News, the email was sent shortly after media coverage reported civil allegations that Prince Andrew had sexually abused a minor in connection with Epstein, allegations that Prince Andrew denied. Rosenwald later confirmed that Epstein had been his physics teacher at the Dalton School in the mid-1970s.

Public company directorships Year Company Location 2025 to Present Hogy Medical Co. Ltd Tokyo, Japan 2011 to 2025 Shore Capital Corp. London, UK 2006–2011 Puma Brandenburg Ltd. London, UK 1989–1991 Grove Bank Chestnut Hill, MA 1986–1988 Richmond Hill Savings Bank Floral Park, NY

Private company directorships / managing member Year Company 1998 to Present Dalton Investments, Inc. 2004 to 2022 Dalton Greater China Fund 1997 to Present Beach Front Properties, LLC. 2010 to Present Beach Front Property Management, Inc. 2001 to 2013 Prodigy Asia & Emerging Markets Fund 2003 to 2011 Grand River Properties, Ltd. 2004 to 2007 Dalton Japan Absolute Return Fund 1993 to 1997 Rosenwald, Roditi & Company, Ltd.

Social and charitable affiliations Palos Verdes Country Club (California) Penn Club (New York) The University Club (New York) Los Angeles Philharmonic: Board of Overseers Center Theater Group Artistic Directors Circle (Los Angeles)