Wrappers / Structures

Matrix moves into Asian space with UCITS


London-based Matrix Asset Management has its sights set on Asia, which is the focus of its newly launched pan-Asian long/short equity UCITS III hedge fund and where it will locate an office in Hong Kong in 2011. Matrix Asia UCITS Fund will hold a portfolio of 30-50 stocks, mostly in Japan and China.

Rupert Foster

European institutions are expected to comprise most of the fund's investor base, with further capital coming from Asia-based fund of funds with European clients, and also US investors that are interested in weekly liquidity, noted fund manager Rupert Foster.

The fund