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Dalton Strategic Partnership to close Japan office

U.K.-based Dalton Strategic Partnership LLP will close its Dalton Capital Japan office on Sept. 17, Bloomberg News reported Sept. 9, citing an emailed statement.

The Tokyo office will later be dissolved and its operations will be consolidated with the London operations.

The company cited an expected tougher business environment due to Brexit, as well as decreasing appetite in Japanese equities from European investors as the reason for the closure.

The office was established in 2013, ten years after the investment firm began managing Japanese equities.