Mergers & Acquisitions / Joint Ventures

Matrix expands range with long-running Candela strategy


Matrix Asset Management, part of the privately-owned Matrix financial services group, has taken over the long-running Candela long/short equity fund as the latest step in its drive to build its hedge fund management business.

The Candela Fund, which was previously managed for 11 years by Olympus Capital and has a strong reputation for capital preservation and outperformance in difficult markets, has been renamed the Matrix Pan-European Equity Fund and the new investment manager will be Matrix Alternative Asset Management.

John Barden and Anthony McCarthy, the portfolio managers who have run Candela since launch in October 2000 and have