Matrix Group adds sub-fund to platform
Matrix Group has added a fourth fund to its platform, Matrix Ucits Funds.
The platform’s new fund is the Cantab Quantitative Ucits Fund, a fully systematic global macro strategy. The fund mirrors the Cantab Capital Partners’ offshore CCP Quantitative Fund, but is subject to Ucits investment restrictions. The fund uses systematic techniques to target a 20% gross volatility and to manage the downside tail risk.
The sub-funds are open-ended, with segregated liability, and domiciled in Dublin. The fund is managed by Matrix Money Management, which has appointed Cantab Capital Partners as sub-investment manager.
Other funds on the platform are Matrix Asia Ucits Fund, a pan-Asian equity long/short fund; Matrix Lazard Opportunities Fund, a multi-strategy credit fund focused on special situations and capital structure arbitrage; and Matrix New Europe Ucits Fund, a central and Eastern European long/short equity fund.
The launch is in response to investor demand for “institutional quality products that would diversify their exposure to traditional investments, as well as provide attractive risk-adjusted returns,” said Ewan Kirk, CIO/CEO of Cantab Capital Partners.
He commented: “The systematic macro space has always been popular amongst institutional investors both for its highly liquid profile and ability to harvest returns other than those relied upon by traditional investments. The structural inefficiencies underpinning the global systematic space have persisted for decades and are viewed by many as a reliable and diversifying source of return.
Angus Woolhouse, chief executive of Matrix Asset Management, said: “The Cantab team have an outstanding track record, and with the launch of the Cantab Quantitative Ucits Fund their expertise will now be accessible to a much broader investor base.”
Matrix, a financial services business with around £4.25 billion of assets under management, manages the on-boarding, operations, risk management and regulatory requirements of the Ucits sub-funds.