Matthews Asia's Tiffany Hsiao leaves firm to 'pursue another opportunity'

Deputy portfolio managers also leaving

Matthews Asia has confirmed that manager Tiffany Hsiao, who heads up the firm's China and Asia Small Companies funds, will leave by the end of the month to "pursue another opportunity", as will her deputy portfolio managers Yuanyuan Ji and Beini Zhou.

Hsiao will be replaced by Winnie Chwang and Andrew Mattock as co-lead managers on the Matthews China Small Companies fund, both of whom currently run the firm's core China strategy. A replacement for the Asia Small Companies fund is yet to be confirmed. Since Hsiao took to the helm of $339.5m China Small Companies fund in June 2015, it has comfortably doubled its average peer in the IA China/Greater China sector with a total return of 145.44%. Its MSCI China Small Cap benchmark has fallen by 8.32% over the same period, according to data from FE fundinfo. The fund has also been the ...