Sun, Dec 4, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Update: Matrix’s alternative asset management and corporate capital businesses to liquidate

Wednesday, November 07, 2012

Benedicte Gravrand, Opalesque Geneva:

Opalesque reported yesterday that Matrix Group, a UK financial services business, may be in deep trouble, as it is trying to protect two of its companies from creditors - Matrix Group Limited and Matrix-Securities Limited. It indeed filed a notice of intention to appoint administrators.

The Matrix Group of companies is an independent financial services business founded in 1987 and headquartered in London. It was managing around £4bn ($6.4bn) in total AuM a year ago.

We have just received news of the latest developments at Matrix from a PR agency in London. The report confirms that Matrix’s property business will spin out, its fund of funds business, its structured finance business and its film investment business will be acquired by third parties, its money management business may also change hands, and its alternative asset management and its corporate capital businesses are in the process of winding down.

  • Matrix Property Fund Management LLP (MPFM) is to spin out "imminently." It will be unaffected by the administration of Matrix Securities Ltd and Matrix Group Ltd. The company manages $600m in AuM and invests on behalf of clients in Middle East and European markets in both equity and debt for commercial, resi......................

    To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  3. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  4. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  5. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released