Wasatch Global Investors announced today that Matthew Dreith has decided to leave the firm effective December 31, 2023 to pursue opportunities outside the investment-management industry. Mr. Dreith was a Portfolio Manager on the Emerging India Fund and an Associate Portfolio Manager on the Emerging Markets Select Fund. He also held those portfolio-management responsibilities on the related institutional strategies.
As of today, Mr. Dreith will no longer act as a portfolio manager at Wasatch. But he will continue to work with the emerging markets team to ensure a smooth transition of his research responsibilities. Ajay Krishnan, who has been with Wasatch for more than 28 years, remains the Lead Portfolio Manager on both funds and related institutional strategies.
Mr. Krishnan is Wasatch’s head of emerging markets investing and leads a dedicated 10-person team of analysts and portfolio managers. He and the entire team have ensured that Mr. Dreith’s insights regarding companies and markets have been fully integrated into the firm’s knowledge base. With India being one of Wasatch’s largest country weights, the firm has committed especially strong resources there.
“We want to thank Matt for his outstanding contributions to our firm and clients,” said Eric Bergeson, President of Wasatch Global Investors. “After 17 successful years in investment management, including over 11 years at Wasatch, Matt has decided to pursue opportunities in the real-estate business. We wish him the best in his new endeavors.”
About Wasatch Global Investors
Wasatch Global Investors is a 100% employee-owned investment manager founded in 1975 and headquartered in Salt Lake City, Utah. Named after the nearby Wasatch Mountain Range, the firm brings unparalleled experience to U.S. and international micro-, small- and mid-cap investing with a culture that emphasizes collaboration, excellence and intellectual curiosity. Wasatch had $23.8 billion in assets under management as of March 31, 2023. Wasatch Global Investors is registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.
Mutual fund investing involves risks and loss of principal is possible. Investing in small or micro cap funds will be more volatile and loss of principal could be greater than investing in large cap or more diversified funds. Investing in foreign securities, especially in emerging markets, entails special risks such as currency fluctuations and political uncertainties, which are described in more detail in the prospectus. Non-diversification increases the risk of loss to the Fund if the value of these securities decline. The investment objective of the Emerging India and Emerging Markets Select Funds is long-term growth of capital.
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, containing this and other information, visit wasatchglobal.com or call (800) 551-1700. Please read it carefully before investing.
Wasatch Funds are distributed by ALPS Distributors, Inc. (ADI). Eric Bergeson is a registered representative of ADI. ADI is not affiliated with Wasatch Global Investors.