Tuesday, 4 August 2015
Last updated 16 hours ago
Apr 5 2011 | 10:23am ET
Matrix Asset Management is readying a UCITS III-compliant version of its New Europe fund for launch this quarter.
The London-based firm is in talks with several UCITS platforms about offering the long/short, Eastern Europe-focused hedge fund to retail investors. Dublin is the likely domicile for the new vehicle, Investment Week reports.
"We realized retail wanted absolute returns and the principles of capital preservation, but in a regulated UCITS III format," Matrix CEO Angus Woolhouse told IW.
New Europe invests primarily in countries such as Russia, Austria, the Czech Republic, Greece, Poland and Turkey. It is managed by David Thornton, who will also manage the UCITS hedge fund.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…