As Asian assets managed by Matrix have more than doubled so far in 2011 to more than USD90 million, the Asian team has been bolstered with two key sector specialist appointments. Ian Smith and David Naughtin, who both previously worked for Nevsky Capital LLP, join as analysts.
Smith worked as a specialist analyst at Nevsky Capital, covering Asia & Latam Financials. He previously worked at Deutsche Bank in the Industrials Corporate Finance division. He began his career focusing on corporate restructuring at Ernst & Young, where he gained an ACA qualification.
Naughtin joined Nevsky in 2007 as an Investment Analyst in the Asian team, and more recently worked as a Fund Manager within that team. His early career was spent at KPMG in the Corporate Finance division handling M&A.
Rupert Foster (pictured), Manager of the Matrix Asia Fund says: “These appointments are important in helping build the strength and depth of the team. Both Ian and David have a deep seated understanding and knowledge of the region which is crucial in helping build fund performance.”
The Matrix Asia Fund has significantly outperformed the MSCI Asia Pacific Index. Since launch in August 2008, the Matrix Asia Fund has outperformed the MSCI Asia Pacific Index by 53.66% and returned 56.24% to the end of March 2011.
This performance, both relative and absolute has also been achieved with around three-quarters of the volatility of the Index.
