Matterley fund gains traction thanks to undervalued plays

COMPANY REPORT

After a rocky beginning business for Matterley Asset Management is picking up. Joanna Faith asked the team about their strategy.

It was a bumpy start for specialist investment boutique, Matterley Asset Management. In August 2008, just six weeks after the launch of its first offering – the S&W Matterley Undervalued Returns fund – Lehman Brothers  went bust. Sentiment in the UK and around the world plummeted and investors sought sanctuary in the arms of the bigger brands. Matterley’s co-founders, ex-New Star manager Henry Dixon and George Godber, a former Credit Suisse director of equities, recall the beginning as a “dark few months”. But rather than falling at the first, rather large hurdle, the two 30-year olds ...