Mon, Jun 27, 2016
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. Opalesque Roundup: Hedge funds shrink as liquidations outpace new launches in Q1: hedge fund news, week 27[more]

    In the week ending 17 May, 2016, HFR said hedge fund liquidations declined narrowly to begin 2016 after rising sharply to conclude 2015, as investors positioned f

  2. Europe - Hedge funds keep powder dry over big Brexit bets, Hedge funds sense profit in Europe shock waves after Brexit vote, Soros warns Brexit may cause pound plunge worse than Black Wednesday, After Brexit: What will happen if Britain votes to leave the UK?[more]

    Hedge funds keep powder dry over big Brexit bets From FT.com: Hedge funds are shying away from big bets on Brexit, with many unwilling to risk further losses having already suffered a painful first half of the year. With the outcome of a UK vote on the country’s membership of the Europea

  3. News Briefs - ’Flash Boys’ get green light to launch stock exchange, Pimco says ‘storm is brewing’ in U.S. commercial real estate, Bankers get ready to rumble at Hedge Fund Fight Night, AIMA Australia celebrates 15th anniversary[more]

    ’Flash Boys’ get green light to launch stock exchange In an investing environment ruled by fast, the newest U.S. public stock exchange is banking on slow. Well, slower. IEX Group, which won Securities and Exchange Commission approval on Friday to go head-to-head with the New York Stock E

  4. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  5. Global markets fell, hedge funds gain in mid-June on Brexit, Fed rate concerns[more]

    Komfie Manalo, Opalesque Asia: Global financial markets declined through mid-June, as uncertainty associated with the upcoming Brexit referendum and expected U.S. Fed interest rate hike contributed to increases in volatility across asset classes, data provider