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...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes