Long-running Candela European long/short equity duo join Matrix hedge fund platform

Mon Feb 27, 2012

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The move to a more institutional environment gives a new lease on life for Barden and McCarthy’s 11-year-old Candela fund, with its proven track record for capital preservation and downside protection in times of equity market stress

Anthony McCarthy
John Barden
The addition last year of the Candela long/short European equity fund by Matrix Asset Management, the investment management arm of the privately-owned £4 billion UK financial services group, marks a new departure for one of London’s longest-running long/short European equity partnerships.

Managers John Barden and Anthony McCarthy have worked together since the late 1990s – initially at AIG before starting Candela in 2000 – and have been in the investment industry since the late 1980s.

The Candela Fund, which was managed for 11 years by Olympus Capital and has a strong reputation for capital preservation and outperformance in difficult equity markets, has been renamed as the Matrix Pan-European Equity Fund following the acquisition of the business.

As a result of the move, Matrix Alternative Asset Management has become the new investment manager and has taken over responsibility for all infrastructure relating to the fund –...

ISSN: 2151-1845 / CDC10004H

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