Matterley co-founder departs for MAM Funds

Matterley co-founder George Godber and analyst Georgina Hamilton have quit the firm and are set to join MAM Funds, Wealth Manager understands.

The Liverpool-based group is believed to be considering a number of new potential fund launches for Godber (pictured), who is expected to join MAM next month.

He set up Matterley with fellow co-founder Henry Dixon in 2008 and the Citywire A-rated pair ran the group’s flagship Undervalued Assets fund.

The business was moved into Charles Stanley in August 2009. Since then, Undervalued Assets has grown from around £2 million to £44 million and the boutique’s fund range has expanded to five, with assets under management of £160 million collectively.

Dixon will continue to run the Undervalued Assets supported by analysts Alice Sharp and Johnnie Smith, who have moved across from Charles Stanley’s collectives research team to assist.

Although small, the fund has been a consistently strong performer and over three years it is up 40.16% compared to a 30.67% rise in the FTSE All-Share. Reflecting this consistency, Godber and Dixon have held Citywire ratings in each of the last 18 months.

A Charles Stanley spokesman said: ‘We have accepted the resignations of George Godber and Georgina Hamilton from Matterley and we wish them all the best for the future. The Undervalued Assets fund has grown strongly under Henry Dixon’s stewardship and we have every confidence this will continue.’

MAM Funds declined to comment.