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Matrix hedge fund duo aiming to meet demand

Matrix Money Management is introducing two new funds of hedge funds in response to increased demand from private investors.

The Matrix Bastion fund is aimed at investors with a lower risk profile and will invest in the Tremont market-neutral fund, which is managed in the US by one of the biggest fund of fund managers, Tremont Advisers.

It aims to provide a return of between 8 and 10 per cent per year.

The Matrix Horizon fund will invest in the shares of the Fortis investment fund managed by Fortis Investment Advisers in London.

It aims to protect capital while maximising returns in all stockmarket conditions.

The Tremont market-neutral fund has risen by 2.32 per cent since its launch in July 2001 compared with a fall of 22.15 per cent in the FTSE All Share index. The Fortis investment fund is up by 55.7 per cent since launch in 1999 compared with a fall of 21.15 per cent in the FTSE All Share.

Shares will be listed on the Dublin Stock Exchange and the minimum investment is £10,000. Initial charge is 4 per cent. Commission is 3 per cent and advisers can request 0.4 per cent trail.

Director Alan Sinstead says: “Over the last six months, the UK stockmarket has recorded the biggest fall of any six-month period since the Second World War. It is clear that UK investors need to find ways of investing in stocks and shares which can provide positive returns in these dreadful market conditions.”

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