Thursday, 28 August 2014
Last updated 5 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 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...