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Post by roi2020 on Jul 7, 2022 17:16:25 GMT
Several prominent fund managers and the CIO exited Matthews Asia since 2020.
Bill Hackett, the CEO for 13 years, retired on June 30, 2022.
From the July M* FundInvestor newsletter:
"Cooper Abbott joined Matthews International Capital
Management as CEO on June 13, 2022, succeeding
Bill Hackett, who had served as CEO for 13 years and
is retiring on June 30. This development is unsur-
prising, because Matthews announced in December
2021 that Hackett was planning on retiring in
mid-2022 and that a search was underway for
his replacement."
"Abbott has more than 20 years of senior investment
management experience. He previously served
as president and chairman at Carillon Tower Advisors
(where he led that firm’s acquisitions of several
asset managers during his tenure) and as executive
vice president of investments and co-chief operating
officer at Eagle Asset Management (which is an affil-
iate of Carillon Tower Advisors)."
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Post by alvinthechipmunk on Jul 9, 2022 8:22:28 GMT
and where is robt. horrocks? i though HE was chief cook and bottle washer???
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Post by roi2020 on Jul 9, 2022 19:03:02 GMT
and where is robt. horrocks? i though HE was chief cook and bottle washer??? He's the current CIO and one of the portfolio managers for two mutual funds. Link |
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Post by roi2020 on Dec 23, 2023 22:29:22 GMT
The exodus at Matthews Asia continues...
Sharat Schroff will leave Matthews Asia at the end of the month.
He joined the firm in 2005 and comanaged Matthews Pacific Tiger and Matthews India.
It was also disclosed that Taizo Ishida and John Paul Lech left Matthews Asia on December 19.
They joined the firm in 2006 and 2018 respectively.
"Speaking to Citywire Selector regarding these most recent changes, Cooper Abbott said:
‘Since my arrival at Matthews, we have made some changes, all with the goal of improving
investment results for our clients. A strong investment culture seeks to continually strengthen
investment focus and outcomes. That is what we are doing. Recent investment personnel
terminations are testament to Matthews’ dedication to investment results, making changes
where they are necessary to drive long-term alpha.'"
Article below may be paywalled.
citywire.com/selector/news/matthews-asia-s-pacific-equity-fund-under-review-as-veteran-exits/a2432941 |
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mani
Lieutenant
Posts: 56
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Post by mani on Jan 11, 2024 20:14:02 GMT
The exodus at Matthews Asia continues...
Sharat Schroff will leave Matthews Asia at the end of the month.
He joined the firm in 2005 and comanaged Matthews Pacific Tiger and Matthews India.
It was also disclosed that Taizo Ishida and John Paul Lech left Matthews Asia on December 19.
They joined the firm in 2006 and 2018 respectively.
"Speaking to Citywire Selector regarding these most recent changes, Cooper Abbott said:
‘Since my arrival at Matthews, we have made some changes, all with the goal of improving
investment results for our clients. A strong investment culture seeks to continually strengthen
investment focus and outcomes. That is what we are doing. Recent investment personnel
terminations are testament to Matthews’ dedication to investment results, making changes
where they are necessary to drive long-term alpha.'"
Article below may be paywalled.
citywire.com/selector/news/matthews-asia-s-pacific-equity-fund-under-review-as-veteran-exits/a2432941 I finally mostly quit on all Matthews stuff in the last few weeks. Too much underperformance, for too long, for too high a cost. I have ~25% of my former positions left. |
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Post by retiredat48 on Jan 12, 2024 0:47:40 GMT
thanks for post, mani
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Post by chang on Jan 12, 2024 8:42:52 GMT
I agree, stick a fork in Matthews. Wave after wave of manager resignations. Introduction of failed funds like Asia Value (liquidated). Implosion of MAPIX. Troubled introduction of I-class shares and raising fees on investor classes. A constant stream of new funds like an outbreak of fund eczema. A once-respected firm has gone down the gurgler.
I was lucky to exit my holdings in MITEX and MIAPX after their stellar runup; hung on too long and gave up ~1/3 of my gains (similarly APDYX) but I still escaped with a nice little bit. I wouldn't even give Matthews a glance now.
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