Sat, May 26, 2018
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. Investing - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  2. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  3. Third Point to raise $400 million for SPAC, Farley to run it[more]

    From Reuters.com: Daniel Loeb's hedge fund Third Point LLC plans to raise $400 million for a "blank check" company which will be run by outgoing stock market operator NYSE Group President Thomas Farley, according to a regulatory filing made on Tuesday. The new company, referred to on Wall Stre

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven