The Matterley fund management boutique led by Henry Dixon and George Godber joined the company on August 12. The team will continue to manage their own £2m undervalued returns fund, as well as providing support for Charles Stanley four-strong range of open-ended funds.
Also joining Charles Stanley is Matterley partners Ian Dighé and Piers Harrison, the latter of which is the firms’ chief financial officer. Analysts Henry Flockhart and Georgina Hamilton have also joined the firm.
Charles Stanley group director Mike Lilwall says: “We are delighted to welcome the Matterley team to Charles Stanley and look forward to supporting the growth of their boutique and expanding our existing funds business. We have been impressed with the calibre and performance of the team for some time and are confident in their ability to develop this franchise.”
Matterley chairman Ian Dighé says: “Charles Stanley has a long record of developing businesses and this is a unique opportunity for us to continue the expansion of our investment boutique. Since Matterley was launched in August 2008 we have witnessed a tumultuous market and I am very pleased with the outperformance that Henry Dixon and George Godber have delivered in these challenging times.”
The S&W Matterley undervalued returns fund has fallen 6.4 per cent since launch on August 12, 2008 to August 13, 2009, compared to an average fall of 9.7 per cent for the FTSE All-Share total return.
The purchase of the firm officially goes through on September 1, 2009.