The name 1167 refers to the year in which the Republic of Venice became the earliest modern state to begin borrowing from its citizens in a formal manner, via the mechanism of a forced loan.
Over time, such sovereign borrowing became a hallmark of the most economically advanced nations, and the most important means of affording their citizens a share in their prosperity.
The Venetian forced loan of 1167 was the ancestor of today’s global government bond markets.
Today, government bonds are more important than ever to investors all over the world as a means of meeting their financial needs and aspirations.
Thankfully, however, citizens are no longer forced to lend only to their own governments:
they can choose to invest their savings in bonds issued by an unprecedented range of Developed and Emerging Market countries.
The mission of 1167 Capital is to help them do so.
Matthew Sethard-Wright joined 1167 Capital as a founding Partner at its inception in 2016. Matthew began his career at Baring Asset Management in 1990, where he gained extensive experience of fund operations, dealing, and distribution, before being appointed Head of European Sales in 1995.
In 2000, Matthew joined Thames River Capital as European Sales Manager, subsequently becoming Deputy Head and ultimately Head of Sales. At Thames River Capital, Matthew was instrumental not only in launching many of the firm’s single-manager funds, across a wide variety of asset classes, but also in raising the firm’s assets under management to a total of nearly US$13 billion at their peak.
Michael Mabbutt, one of the world’s most experienced emerging market fixed income fund managers, joined 1167 Capital as a founding Partner in 2016. Michael began his career with Norwich Union in Cape Town, South Africa, in 1986, where he was the Fixed Income Manager in charge of fixed income and cash portfolios.
Felix Martin joined 1167 Capital as a founding Partner in 2016. Felix began his career as an Economist at the World Bank in Washington, DC in 1998. Between 1998 and 2008, he spent two spells at the Bank, working mostly on sovereign lending programmes and debt restructuring in Eastern Europe, in close co-operation…