Saturday, 23 August 2014
Last updated 22 hours ago
Oct 10 2007 | 11:15am ET
The U.K.-based Matrix Group has launched a closed-ended version of its open-ended Asset Based 2 Fund, a fund of hedge funds that invests in 28 underlying managers.
The new closed end fund will invest all of its assets in the retail sterling shares of the Matrix Open Ended Asset Based 2 Fund.
The fund charges a minimum investment £50,000 (US$101,667). The Matrix Open Ended Asset Based 2 Fund has an initial fee of 5% and an annual management fee of 1.9%. There is no double charging of management fees for the new vehicle.
In addition, the firm last month hired Damian Taylor as an assistant fund manager. Previously, he spent three years at ING Barings as a proprietary trader on a risk-arbitrage and equity long/short book and three years setting-up and managing the Mountcashel Fund, a European equity long/short hedge fund with Paul Spence, Matrix’s current CIO.
Matrix was founded in 1987 and currently has more than £2 billion of funds under management including hedge funds, funds of hedge funds and private equity funds.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note