Matrix is to launch its sixth fund of hedge funds in February, which will be managed by Sandra Manzk...
Matrix is to launch its sixth fund of hedge funds in February, which will be managed by Sandra Manzke of Maxam Capital Management.
Manzke is chairman and chief executive office of Maxam Capital Management, and is the original founder of Tremont. She has closed her firm to new business having raised $1.3bn.
The new fund, Matrix Max, will be a further sub-fund of the Matrix Alternative Strategy Oeic fund, based in Bermuda and listed in Dublin. The minimum investment in the fund will be £10,000.
The fund can hold all types of hedge funds within its underlying portfolio in the pursuit of absolute returns.
The initial charge is 4% and annual management fee 1.75%, in keeping with the rest of the range.
Fred Sinstead, sales director at Matrix, claimed because Manzke is so highly regarded within the hedge fund arena, she has access to many talented managers that would not typically be available to many other fund of hedge funds operators.
Other funds of hedge funds offered by Matrix include Conservative Approach Strategy Fund (managed by Tremont), Horizon and Orbit, both run by Collingham (previously known as Fortis), Generator managed by Vega, and Bastian managed by Gottex.
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