Mon, Aug 21, 2017
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. Opalesque Exclusive: Albright Capital puts a value lens on emerging markets[more]

    Bailey McCann, Opalesque New York: Over the past decade, investors have steadily increased investments in emerging markets private funds. Allocations to the cohort have increased from $93 billion in December 2006 to $564 billion in September 2016, according to data from research firm Preqin. Howe

  2. FinTech - Danger: Crowdfunding on the wrong platform could force you to go public[more]

    From LinkedIn.com: Some equity crowdfunding platforms are putting startups at serious risk. Working with a platform that doesn't structure your deal appropriately could jeopardize your ability to raise future capital or worse, force you to become a public reporting company. The emergence of eq

  3. David Tepper says we're 'nowhere near an overheated' stock market[more]

    From Marketwatch.com: Billionaire David Tepper thinks comparing this current stock-market environment with the overheated markets of 1999 is "ridiculous." The hedge-fund manager, who runs Appaloosa Management, told CNBC in a phone interview on Tuesday that the market's record run, notwithstanding la

  4. Opalesque Exclusive: Altegris and Artivest partner on distribution for alternative funds suite[more]

    Bailey McCann, Opalesque New York: California-based investment firm Altegris has partnered with New York-based alternative investments platform Artivest on distribution for $1 billion in alternative funds. The partnership also launches Artivest's capabilities to offer alternative solutions to acc

  5. Investing - Buffett's Berkshire Hathaway will not increase its Oncor offer, Travel-tilting hedge funds are investing in airlines and online travel agencies[more]

    Buffett's Berkshire Hathaway will not increase its Oncor offer From Reuters.com: The energy unit of Warren Buffett's Berkshire Hathaway Inc said on Wednesday it will "stand firm" on its $9 billion offer to acquire 80 percent of Oncor Electric Delivery Company LLC and will not increase it