Dalton Investments KK may raise as much as $450 million to invest in struggling Japanese REITs. The activist fund said it may also raise an additional $500 million for a management buyout fund. "We really like real estate and at the same time we really need the concept of distress," said Junichiro Sano, head of the Japan affiliate of California-based Dalton Investments LLC.

Full Story:

Related Summaries