Charles Stanley snaps up Matterley

Charles Stanley said yesterday it had boosted its fund management business by taking over the operations of investment boutique Matterley Asset Management. Matterley, which runs the £2.5m S&W Matterley Undervalued Returns fund, will continue to operate under its own name for a limited period before coming under the Charles Stanley brand. Matterley partners Ian Dighé and Piers Harrison have joined the firm, along with fund managers Henry Dixon and George Godber, formerly of New Star and Credit Suisse. Analysts Georgina Hamilton and Henry Flockhart, the son of HSBC’s Asia-Pacific boss Sandy Flockhart, have also joined.