Tue, Feb 20, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Matrix launches pan-asian L/S UCITS III fund

Monday, May 17, 2010
Opalesque Industry Update - Matrix announces the launch of its first UCITS III fund. The Matrix Asia UCITS Fund will be one of the very few pan-asian long/short equity funds and will be managed by Rupert Foster who has 16 years experience in managing Asian long/short funds. Rupert also manages the Matrix Asia Fund, an unregulated Cayman domiciled fund which has a similar investment objective to the Matrix Asia UCITS Fund.

Rupert has a proven ability to preserve capital in difficult market conditions, having generated a positive return in 2008 (+16.69%*). Since inception on 08/08/08, the Matrix Asia Fund has outperformed the MSCI Asia Pacific Index by 53% returning 48.5% (to 30th April 2010)**. This performance, both relative and absolute has also been achieved with around three-quarters of the volatility of the Index.

Few Far East funds have a pan-asian investment remit. The Matrix Asia UCITS Fund will be able to rotate actively between China and Japan (which account for 70% of the market capitalisation of the Asian Stock exchanges) to best capture their respective stages of their economic cycles. For example, the Matrix Asia Fund has outperformed the MSCI Asia Pacific Index this year by actively shorting China and being long Japan, a position that Rupert plans to replicate in the Matrix Asia UCITS Fund.

The Fund will seek to achieve its investment objective by investing in or gaining exposure to Asian equity markets including, but not limited to: China, Japan, India, Korea, Hong Kong, Taiwan, Australasia and Singapore.

The Fund’s long/short strategy aims to reduce risk by targeting a lower level of volatility. The use of a long/short strategy generally means that risk can be reduced as the performance is likely to go up less than the relevant markets when equity markets rise, and should fall less than the relevant markets when equity markets fall.

Commenting on the launch and the investment outlook for Asia, Rupert Foster said:

“Having a long/short pan-asian investment remit is very important to me as it gives me the ultimate tool kit to deliver outperformance for my clients. I expect my current portfolio positioning of shorting China and being long Japan to remain until some time in the fourth quarter of this year when I expect to rotate back to being long China and short Japan. Over an investment cycle, I expect to add a third of the performance from my short book.

“In summary, I expect Asian markets to hit new highs in the next two to three years and then to surge further as ‘no growth’ Western consumption and demand disappoint expectations. Asia has emerged from the global downturn faster and stronger than any other region and I believe Asia is in a structural bull market.”

Commenting on the launch, Chris Merry, CEO of Matrix Group said:

“I am delighted that we have launched our first UCITS III offering. Rupert has an outstanding track record which will now be accessible to a much broader investor base.” Corporate website: www.matrixgroup.co.uk

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Chenavari, a $5.4bn hedge fund, told investors it thinks 'we could experience a similar pattern as the 1987 crash'[more]

    From Businessinsider.com: A $5.4 billion hedge fund told clients markets could tumble just like they did in the 1987 crash. In a February 14 letter to clients, London-based Chenavari Investment Managers warned about current market conditions. From the letter (emphasis added): "Our view is that

  2. Investing - Hedge fund Bridgewater makes $22 billion bet against European firms, Hedge funds Steadfast and Suvretta jump onto CSX in fourth quarter, Tepper's Appaloosa boosts Apple, Facebook as others bolt, Third Point buys Netflix and MGM, dumps Bank of America, Moore Capital bought Wynn Resorts, other casino stocks before Steve Wynn resigned[more]

    Hedge fund Bridgewater makes $22 billion bet against European firms From Reuters/USNews.com: Bridgewater has shown its hand in Europe with a $22 billion bet against some of the continent's biggest companies, filings reviewed by Reuters show, part of a bigger shift by the world's largest

  3. Funds Profiles - Brother-run hedge fund up 46% in 2017 says Kelly formula shows diversification is flawed, How a 6,000% profit on a single trade saved a small hedge fund from disaster[more]

    Brother-run hedge fund up 46% in 2017 says Kelly formula shows diversification is flawed From Valuewalk.com: When Jeremy and Michael Kahan consider the notion of diversification, the wince. With a return of 45.8% to end 2017, their stock-picking fund, North Peak Capital, successfully

  4. Investing - Hedge funds hook shipping stocks grappling for recovery, Small cap hedge funds offer alternative for cannabis investing, Top stock-picking hedge funds love gaming, health care and media shares, Hedge funds Steadfast and Suvretta jump onto CSX in fourth quarter[more]

    Hedge funds hook shipping stocks grappling for recovery From Hellenicshippingnews.com: Shipping stocks may still be in the doldrums in the view of many investors, but hedge funds have bet at least $675 million on signs of renewed buoyancy in the industry. Hedge funds made initial f

  5. Art & Motion launches collectible car alternative investment vehicle[more]

    Komfie Manalo, Opalesque Asia: Luxembourg-based Art & Motion has launched a new investment vehicle dedicated to vintage cars and exceptional high-quality vehicles as this collectible market has grown exponentially the turn of the centu