Matrix launches feeder funds

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Matrix has launched two funds of hedge funds that are feeder funds from multi-manager portfolios run...

Matrix has launched two funds of hedge funds that are feeder funds from multi-manager portfolios run by Fortis and Tremont. The Horizon fund invests in the sterling-hedged share class of the Fortis Investment fund, the dollar shares of which generated 6.55% during 2002, according to the group. Horizon shares used in the Matrix fund returned 0.89% net of fees during December. The Fortis fund is widely diversified, investing in around 35 underlying portfolios. Matrix's Bastion fund, launched at the end of January, invests in a sterling-hedged share class of the more conservatively manag...

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