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The new fund brings the Tages alternative UCITS range to five strong, and provides UCITS investors with another differentiated hedge fund strategy. The Tages Dalton Fund offers investors access to Dalton's extensive expertise in emerging markets within UCITS guidelines in a long/short format. The fund launched in mid-May and has already garnered nearly US$ 50 million of institutional capital.

Dalton Investments LLC is a value-focused investment management firm with expertise in Asia, emerging markets, equities and fixed income. Headquartered in Los Angeles, with a subsidiary office in Tokyo, Dalton manages US$ 3.8 billion1 in actively managed long/short and long-only strategies for pensions, endowments, foundations, financial institutions and family offices.

James B. Rosenwald III, Co-Founder of Dalton and Senior Portfolio Manager, said: "We are pleased to partner with Tages, one of the most active and influential investors in the fast growing alternative UCITS segment. We believe our disciplined value investment process, with its focus on alignment of interest between minority investors and company management, offers the potential for strong returns in Global Emerging Markets."

Jamie Kermisch, CEO of Tages Capital, said: "As an existing investor with Dalton, Tages has been impressed by the team's investment process and ability to generate attractive, uncorrelated, risk adjusted returns using their deep experience in emerging markets and their differentiated investment approach. We are excited to be building on our partnership and believe this new UCITS fund further demonstrates Tages' commitment to offering investors access to experienced, high quality managers and strategies."