Launches & Closures

Lazard merges assets from Matrix vehicle into Opportunities fund

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Following the recent closure of Matrix UCITS fund platform, the assets of the Matrix Lazard Opportunities Fund has been merged into the newly created Lazard Opportunities Fund.

The new fund, which is a relative value capital structure and convertible arbitrage fund focused on special situations and events trading, was launched yesterday.

Mike Wariebi, head of alternative investments, for Lazard Asset Management, said: “The transition from Matrix to the Lazard UCITS platform has been seamless and we welcome existing and future investors.

“We anticipate significant demand for the fund as the market is seeing $90 billion of convertible debt maturing