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Matthews started falling apart a long time ago. They introduced institutional classes to raise fees on investor classes, rolled out (and then shuttered) new funds, lost their best managers to Artisan, and then just started bleeding talent and assets.
So many once-successful boutiques have collapsed or failed - Matthews, Third Avenue, Longleaf, IVA, Muhlenkamp, Oakmark (to a small degree), Bridgeway, Clipper, Grandeur Peak (to a degree), ICAP, Fairholme, and others. Meanwhile, Fido and VG continue to provide very good offerings in most areas.
Comments
end of an era.
good stewardship could not overcome high fees and failed theme of china's perpetual dominance.
So many once-successful boutiques have collapsed or failed - Matthews, Third Avenue, Longleaf, IVA, Muhlenkamp, Oakmark (to a small degree), Bridgeway, Clipper, Grandeur Peak (to a degree), ICAP, Fairholme, and others. Meanwhile, Fido and VG continue to provide very good offerings in most areas.