Matrix has launched two funds of hedge funds which are feeder funds from multi-manager portfolios run by Fortis and Tremont.
Matrix's Horizon Fund invests in the sterling-hedged share class of Fortis Investment Fund, whose dollar shares generated 6.55% during 2002, according to the group.
The Horizon shares Matrix's fund uses returned 0.89% net of fees during December.
The underlying Fortis fund is widely diversified, investing in around 35 underlying portfolios.
Bridget Cleverly, Matrix Money Manag
The week on Risk.net, July 14–20, 2017Receive this by email