Matrix debut strategy hedge fund

Matrix Group has launched its first single strategy hedge fund. The Cayman-domiciled Matrix RM Fund is an Anglo European long/short equity fund, which will primarily focus on small and mid-cap companies in the UK with an average investment allocation of 80% in the UK and 20% in continental Europe. Minimum investment is $100,000 (£57,102) and the annual management charge is 1.5%.