Matrix Money Management has launched two new funds of hedge funds. The Matrix Strategic Opportunities fund aims to capitalise on the credit markets, notably distressed debt, high yield bonds, corporate loans and the restructuring process in bankruptcies. The fund will target a 15% to 20% annualised return and has flexibility to hold cash until the timing is right to invest in underlying hedge funds.
The Matrix New Horizon fund is a highly diversified multi-strategy fund of funds looking to exploit the dislocations within the macro, credit and market neutral environment.
The funds will be managed by the new six-strong, in-house