Bridget Geurin steps aside from Matrix

Bridget Guerin today left Matrix Group where she was most recently a director of Matrix Money Management responsible for a number of hedge and private equity funds.

She was at Matrix for 12 years.

She said her long weekly journeys between York and London, and assuming a trustee position at York race course, lay behind her decision, taken after 26 years in finance.

Her directorship of the Matrix Alternative Investment Strategies fund is being assumed by Matrix Group’s chief executive Chris Merry.

Guerin has also held directorships at Matrix Structured Products Limited, a closed ended fund in Bermuda, and Matrix Ucits Funds plc.

Her role at the York Race Committee will entail attending 17 days’ racing a year, plus four board meetings. “I could not do that with a full-time job,” she said.

Guerin plans to take on “one or two executive directorships”, including one with a hedge fund.

She said making alternative products widely available – a key achievement at Matrix and Guerin – came as a result of “needing to find an edge where Matrix could offer a different type of product, to differentiate ourselves from the masses of competition in the long-only space”.

She guided the launch of Matrix Lazard Opportunities fund, focused on convertible bond arbitrage and special situations. Matrix also launched a structured product linked to Winton Capital Management’s Trading Strategies fund.

Guerin said: “When I joined Matrix, hedge funds did not really exist as anything like a retail, broadly distributed product. Since then the industry has changed dramatically.”

She believes regulated hedge funds will be of great benefit to investors.

“The regulatory environment is much more robust [than the offshore environment]. Corporate governance will have to improve after 2008.

“In Cayman Islands [where most funds are domiciled] there was really no governance, it was just a matter of having a name plate there.”

Before Matrix, Guerin worked for 16 years at Schroder Unit Trusts Limited, Ivory & Sime and County NatWest.

Matrix Money Management sits within Matrix Group’s £2.4bn asset management unit, headed since December by Angus Woolhouse.

A spokeswoman for Matrix said no replacement for Guerin was being sought immediately.

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